Gensler Straddles Innovation and Enforcement at Senate Hearing
Gary Gensler was careful to strike a balance between emphasizing regulating suspicious behavior as well as encouraging new innovations.
“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.
Gensler previously ran the federal Commodity Futures Trading Commission.
Gary Gensler said Congress should provide clarity around crypto exchange regulation. A 2020 bill sought to do just that.
The updated proposal adds a number of new reporting requirements for startups.
NFTs are all the rage right now, but buyers and sellers should be aware of the different regulatory frameworks that might govern these assets.