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SEC Weighs Waiving Some Rules to Regulate Crypto, Gensler Says

July 14, 2022, 3:49 PM

Wall Street’s top regulator may use its authority to exempt crypto companies from certain securities laws to help the industry come into compliance, Securities and Exchange CommissionChair Gary Gensler said Thursday.

“We do have robust authorities from Congress to use our exemptive authorities that we can tailor” for disclosure and investor protection, Gensler said during an interview with Yahoo! Finance.

The comments are among Gensler’s most pointed yet on how the agency might work with the digital asset community. He mentioned that such an approach is used for asset-backed securities and equity offerings.

Gensler repeated a warning that many ...