SEC’s Gensler Says “No Difference” Between Crypto and Securities Exchanges

Key Takeaways

  • SEC Chair Gary Gensler believes that crypto exchanges should be registered and regulated like securities exchanges.
  • Gensler criticized crypto exchanges for providing custodial services and market making, stating the latter presented an “inherent conflict of interest.”
  • The SEC’s regulatory approach to cryptocurrencies has been widely criticized by the crypto industry and lawmakers alike.

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