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FEATURE Crypto Weekly
Garry Gensler's Plans for Regulating Crypto Exchanges from the U.S. SEC A
ccording to SEC Chairman Gary Gensler, the agency is looking into how to regulate cryptocurrency trading exchanges, including how to separate out crypto market makers. Gensler also argued that most cryptocurrencies are likely securities, so they should be regulated accordingly. "Tokens are securities and are governed by the same market integrity laws as other securities," according to Gensler at the
April 2022 | Volume 23
Penn Law Capital Markets Association Annual Conference on Feb. 16. “The crypto market should not be treated differently just because it uses a different technology... We already have robust mechanisms to protect investors on platforms. We ought to apply these same mechanisms to the crypto market." As part of its investigation, Gensler said the agency is looking into how crypto trading
platforms can also act as market makers, allowing them to trade for their own accounts on the other side of their customers. In addition to determining whether the market makers should operate separately from those platforms, it is determining whether they can do so. The SEC is also investigating whether protections offered to investors on traditional exchanges are applicable to
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