Securities and Exchange Commission Chair Gary Gensler used the events of the last few days - centered onof major cryptocurrency exchange FTX - to emphasize the risks of a crypto industry that has been operating outside of traditional financial markets' oversight.
"I've been saying this for well over a year now in this job: come in, get registered, come within the securities laws," Gensler said during a Healthy Markets Association event. Gensler noted risks from the "commingling" of key intermediary functions in the cryptocurrency world, in which the same firms serve multiple roles, such as exchanges and market makers.FTX's handling of client funds, has ratcheted up scrutiny of the crypto industry under Democratic leadership.
Agree sp500 feels much safer 🤡
Unstable government causes all asset held in investments to be unstable its a risk one takes when they chose to not stuff s mattress