SEC Chair Gary Gensler: Crypto Exchanges 'Outside Legal Perimeter'
CryptoNewsTerminal Staff05 Jun, 2024
SEC Chair Gary Gensler: Crypto Exchanges 'Outside Legal Perimeter'
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has stated that, unlike traditional stock exchanges like the New York Stock Exchange, crypto exchanges operate outside the legal boundaries. Gensler's comments highlight the SEC's ongoing efforts to monitor and regulate the cryptocurrency industry. Gensler's statement is a reminder of the regulatory challenges that cryptocurrency exchanges face, and it could have significant implications for the development of the digital asset market. The SEC's scrutiny of crypto exchanges will likely continue as the industry evolves, and it will be interesting to see how the regulatory landscape develops in the coming months and years.
