Gensler Says SEC Should Regulate Crypto Lending Companies

Key Takeaways

  • SEC chair Gary Gensler told CNBC today that crypto lending firms fall under the scope of the securities regulator.
  • He noted that crypto lending firms offer returns as high as 10% and compared those firms to investment companies.
  • Gensler did not directly comment on Celsius’ failure, though earlier reports suggest the SEC is looking into the matter.

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