SEC Chair Gensler Says Crypto Is Centralized Despite Founding Principles

[Google News Bot]

Gary Gensler, chair of the Securities and Exchange Commission, took yet another shot at the crypto industry in a speech Monday, critiquing what he perceives to be the disproportionate power wielded in the sector by centralized cryptocurrency exchanges. Gensler’s comments, made on Monday before the annual meeting of the Securities Industry and Financial Markets Association—a prominent trade group representing securities firms, banks, and asset managers—focused primarily on promoting competition among equity market makers. But the SEC chair, while cautioning about the danger of cent ...

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