Scott Colesanti The Case for Regulating Crypto 'Exchanges' Sooner Rather Than Later
In May, SEC Chairman Gary Gensler strongly suggested that it be Congress to take up the cause of regulating cryptocurrency exchanges selling alt-currency to investors. Given that the name "exchange" is already being used quite publicly by trading platforms, this article suggests three solutions to the SEC jurisdictional problem.
July 21, 2021 at 10:15 AM
9 minute read
In May, new SEC Chairman Gary Gensler strongly suggested that it be Congress to take up the cause of regulating cryptocurrency exchanges selling alt-currency to investors. Noting that "there is no [SEC] authority to register and write rules to protect the investing public" when it comes to the two trillion dollar market, Gensler concurrently highlighted the potential dangers posed by unregulated Internet marketplaces for Bitcoin and its imitators.
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