U.S. Securities and Exchange Commission Chairman Gary Gensler on Wednesday called the cryptocurrency industry “really rife with noncompliance” with SEC regulations designed to protect investors from inaccurate claims or fraudulent.
"We would never allow the New York Stock Exchange... or a hedge fund or a broker-dealer to do the things that crypto brokers may be doing," Gensler said at the 2023 Securities Enforcement Forum sponsored by Securities Docket. “So yes, we want to work with people to comply. But it also starts with whether that crypto broker or that crypto security asset provider wants to comply.”
