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Crytpo Strategist Seeks to Dispel Fraud Claims as SEC Weighs Regulations
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August 3, 2021
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1:38Now PlayingSecurities and Exchange Commission Chair Gary Gensler will give a speech about crypto on Tuesday — and judging by his first extensive interview on the subject, he's not pulling any punches.
Ahead of his talk at the Aspen Security Forum, Gensler told Bloomberg News that the SEC is mulling a robust oversight regime, focused on rooting out fraud.
“While I’m neutral on the technology, even intrigued — I spent three years teaching it, leaning into it — I’m not neutral about investor protection,” said Gensler. While he wouldn't give a timeline for SEC action, Gensler has already asked Congress for authority to monitor crypto exchanges.
The SEC chief also remained mum on the potential for approving a Bitcoin exchange-traded fund, even as filings pile up.
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