Is it the SEC's responsibility to regulate cryptocurrency?

SEC Chair Gary Gensler said it is the responsibility of cryptocurrency firms to comply with existing regulations. In an interview with Yahoo Finance, Gensler pushed back against lawmakers who said the agency needs to rein in crypto firms and prevent them from trading with customer assets.

Are crypto exchanges subject to SEC enforcement?

The Securities and Exchange Commission has recently announced a big increase in staffing for its cryptocurrency enforcement unit. Many crypto issuers have already been subject to SEC enforcement. SEC Chair Gary Gensler has called on crypto exchanges to register with the agency as securities trading platforms.

Should crypto platforms be regulated like traditional securities exchanges?

He also remarked that these crypto platforms play roles similar to traditional regulated exchanges. Thus, he believes that investors should be protected in the same way. 1 The SEC is working on having crypto platforms regulated like traditional securities exchanges.

Are 'trusted' intermediaries 'not 'compliant' with US securities law?

In an editorial published in The Hill, SEC chair Gary Gensler warns that instead cryptocurrency has many "trusted" intermediaries that are in fact non-compliant with U.S. securities law. Today, crypto is dominated by a handful of trading, lending, staking, and other financial intermediaries.