U.S. Securities and Exchange Commission Chairman Gary Gensler isn’t waiting for new powers from Congress to enforce securities laws against crypto companies, though he said Wednesday it would be good to have more money and additional reach beyond U.S. borders.
Gensler, who declined to specifically talk about failed crypto exchange FTX and its former CEO, Sam Bankman-Fried, said in an interview on Yahoo Finance that the SEC has the basic disclosure and governance requirements in place to hold digital-assets firms accountable. The SEC chief also didn’t directly address questions about whether his agency would push out tailored crypto rules next year, but he insisted that it doesn’t need any.
“The rules are there,” he said. “The law firms know how to advise their clients to comply.”
Source: Gensler Says SEC Is Fine Going After Crypto With Its Current Authority