The Information | Sept. 14, 2021, 7:15 p.m.
Securities and Exchange Commission Chair Gary Gensler doubled down on his criticism of cryptocurrencies Tuesday—and then took one more dig, at Coinbase. During a hearing on oversight of the SEC with the Senate Banking Committee on Tuesday, long-time crypto critic Sen. Elizabeth Warren (D.-Mass.) asked Gensler about whether an investor can recoup financial losses in the event of a trading outage on Coinbase. Gensler’s response: the investor would be unable to turn to the SEC, and he implied that the exchange could be conducting illegal trading activity. “[Coinbase hasn’t] registered with us, even though they have dozens of tokens that may be securities,” he said. Gensler said crypto companies and exchanges should “come in and talk to us.”Read Full Article
TechCrunch | Sept. 21, 2021, 11:56 a.m.
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