Crypto companies made 'calculated' decision to flout rules, says SEC chair

:The chair of the U.S. Securities and Exchange Commission on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a"calculated economic decision" to flout its rules.

The crypto industry has attacked Gensler in recent days after the SEC sued two of the world's largest crypto exchanges, Coinbase and Binance, for allegedly breaking securities laws by failing to register their operations with the agency. U.S. lawmakers also piled pressure on Binance on Thursday, calling for the Department of Justice to investigate after allegations in the SEC's Monday complaint indicated that Binance had made false statements to Congress about its business practices in a written response to lawmakers questions in March.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US SEC chair says crypto companies made 'calculated' decision to flout rulesThe chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a 'calculated economic decision' to flout its rules. Speaking at a Piper Sandler conference in New Yo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »