Current crypto legislation 'undermines' the SEC, Gensler says

11/10 02:14

Current legislation undermines the authority of the Securities and Exchange Commission, Chairman Gary Gensler said in an address to the Healthy Markets Association today. "As Congress looks at this field, as Congress thinks about it, it’s really important here not to undermine our hundred trillion dollar capital markets. Not to pass a legislative vehicle that undermines these time-tested important thoughts," Gensler said of securities laws. Gensler alluded in all but name to the role of FTX CEO Samuel Bankman-Fried in promoting that legislation, particularly the Digital Commodity Consumer Protection Act currently with the Senate Agriculture Committee.

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