Gensler suggests he’s frustrated over the crypto platforms’ unwillingness to come through his doors.
Kraken’s CEO “publicly said they were never going to register with the SEC – boldly said that,” Gensler said. “These platforms aren’t even coming in and asking for the meetings,” he said, adding that “I really deeply respect” the few that have come in.
For their part, industry insiders say the SEC rarely has a real path to offer crypto firms. Longo said few companies have made any headway on the registration question.
“That feels a bit hollow to people in the markets who are trying to figure out how to comply with what the agency wants,” she said.
Source: SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount
