Gary Gensler Archives

SEC Delivers Tough Love to Crypto

Jack J. Kelly Cryptocurrency, Gary Gensler, Securities, Securities and Exchange Commission September 9, 2022

The crypto industry might want to remember the adage: “Be careful of what you wish for because you might get it.” For several months now the industry has been asking for clear rules from one of the most powerful financial-market regulators. The reasoning has always ...Read More

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‘These are not laundromat tokens.’ SEC chief sends warning to crypto industry

Jack J. Kelly Cryptocurrency, Gary Gensler, Securities, Securities and Exchange Commission September 9, 2022

Gary Gensler had strong words for the crypto industry in a Thursday speech, telling an audience of lawyers that the “vast majority” of the nearly 10,000 existing crypto tokens are securities, being issued to the public in violation of federal laws. “The investing public ...Read More

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SEC chief Gary Gensler fires warning shot at ‘crypto’ companies

Jack J. Kelly Cryptocurrency, Gary Gensler, SEC, Securities and Exchange Commission August 29, 2022

Gary Gensler is coming after digital currency companies. In his recent opinion piece published on the Wall Street Journal, the chairman of the U.S. Securities and Exchange Commission fired a warning shot at the digital currency industry. There’s no reason to treat the crypto ...Read More

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Gary Gensler has become crypto’s Enemy No. 1. Does he care?

Jack J. Kelly Cryptocurrency, Gary Gensler, SEC May 3, 2022

In April, SEC Chair Gary Gensler gave a cautious assessment of crypto: “lots of innovation, but plenty of hype.” Ripple general counsel Stuart Alderoty picked up on something else Gensler said in his speech at the University of Pennsylvania, in which he reminisced about studying ...Read More

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SEC Chair Gensler says agency is planning greater oversight of crypto markets to protect investors

Jack J. Kelly crypto, Gary Gensler, Investors, Regulation, SEC April 5, 2022

Securities and Exchange Commission Chair Gary Gensler said on Monday that his agency is aiming to exercise greater regulatory oversight of the $2 trillion cryptocurrency market to protect investors from an onslaught of scams. In a speech delivered virtually, Gensler said the SEC plans to register and ...Read More

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SEC chair Gensler hints at enforcement actions against crypto firms

Jack J. Kelly crypto, Gary Gensler, SEC November 8, 2021

At the Securities Enforcement Forum on November 4, Gary Gensler denied that new technological labels alter the realities of securities definitions, specifically calling out decentralized finance and crypto products. Gensler, who chairs the Securities and Exchange Commission, said: “Sometimes, people focus on labels. For example, we ...Read More

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SEC chief Gensler says regulator assessing future of payment for order flow

Jack J. Kelly Gary Gensler, Payments, SEC October 19, 2021

Securities and Exchange Commission Chairman Gary Gensler said Tuesday that Wall Street’s top regulator is working to determine if payment for order flow needs to be reformed or barred to ensure a competitive marketplace for buying and selling trading volume. Gensler acknowledge that modern agreements between ...Read More

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SEC Chief to Wall Street: The Everything Crackdown Is Coming

Jack J. Kelly Gary Gensler, SEC, Wall Street in the News October 11, 2021

The joke in Washington is that Gary Gensler could inspire his own version of the game, “Drink Every Time…” The rules: Down a shot every time the U.S. Securities and Exchange Commission chief says he’s “asked the staff” to consider new regulations. Gensler has ...Read More

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‘A lot of people are going to get hurt,’ on unregistered crypto exchanges, SEC’s Gensler says

Jack J. Kelly Cryptocurrency, Gary Gensler, SEC September 22, 2021

Securities and Exchange Commission Chairman Gary Gensler reiterated his call for cryptocurrency exchanges to register with the agency, warning that they will be hit with enforcement actions if they fail to do so, during an interview with Washington Post Live Tuesday. “There are trading ...Read More

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