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SEC’s Gensler Says Crypto Exchanges Trading Against Clients (3)

May 11, 2022, 2:55 PM

Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules and may be betting against their own customers.

The US Securities and Exchange Commission chair reiterated Tuesday that most digital assets fall under his agency’s purview and venues trading them should register with the regulator. The SEC is also beefing up its enforcement efforts, he added.

Read more: SEC Crypto Team Getting 20 More Officials in Bid to Crack Down

Speaking in an interview with Bloomberg News, Gensler said he’s concerned that crypto exchanges aren’t putting up proper walls between different parts of ...