WASHINGTON (Reuters) – The cryptocurrency industry events of the last few days highlight the risks in the industry of co-mingling of intermediary functions, the chair of the U.S. Securities and Exchange Commission said on Wednesday.
“In our tie-tested public policy, we separate out these functions,” SEC Chair Gary Gensler said in remarks at a Healthy Markets Association event.
Concerns over the health of major cryptocurrency exchange FTX sent the cryptocurrency markets into a tailspin this week.
(Reporting by Chris Prentice; Editing by Chris Reese)
