Securities and Exchange Commission Chair Gary Gensler spoke at the Piper Sandler Global Exchange and Fintech Conference on Wednesday. One of the topics Gensler discussed in the Q&A session was cryptocurrency regulation.
Crypto Regulation Bill: This week, Sens. Cynthia Lummis (R-Wyoming) and Kirsten Gillibrand (D-New York) unveiled new legislation that could potentially exempt cryptocurrencies from certain financial regulations, a bill draft that many crypto enthusiasts see as friendly to the industry.
On Wednesday, Gensler said he hasn’t read the bill at this point, but has worked closely with both senators in the past. Gensler said he would discuss any commentary he has regarding the proposals in the bill with Lummis and Gillibrand directly.
Related Link: SEC Chair Gensler Proposes ‘Open And Transparent Auctions’ As Alternative To Controversial Payment For Order Flow
“This speculative asset class, one and a quarter trillion roughly dollars right now, does not have the investor protection that the public needs, and I …
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