Gary Gensler asks SEC staff to fine-tune crypto compliance

SEC chairman Garry Gensler has revealed he wants the agency to cover numerous crypto industry entities with regulations that apply to securities – potentially encouraging institutional crypto adoption.

Indicating the regulator’s interest in crypto exchanges, the chair said that, as, in his view, many crypto tokens are securities, it means that many ‘crypto intermediaries’ are transacting in securities and, as a result, have to register with the SEC.