Gensler Hearing: SEC Chair Wants to Go After “All Crypto Assets”
- SEC Chair Gary Gensler faces a committee hearing today, April 18.
- His testimony indicates that the SEC is ready to double down on crypto regulation.
- DeFi Platforms may be next in the firing line for the SEC.
SEC chairperson Gary Gensler will be called today, April 18, to testify on his ‘regulation by enforcement’ of the crypto space. Ahead of the House Financial Services Committee hearing, Gensler’s testimony has been made available, and it is not good reading for crypto.
Gensler has reiterated his stance that “most crypto tokens are securities.†He has also explained that a recent proposal updating the investment adviser custody rule would allow the SEC to “cover all crypto assets and enhance the protections that qualified custodians provide.â€
Not Backing Down
Despite the pressure on Gensler…
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