“I do suppose that working with Congress, and I feel it is just Congress that would actually deal with it, it could be good to contemplate, should you would ask my ideas, to contemplate whether or not to carry better investor safety to the crypto exchanges,” Gensler’s full quote said. “And I feel if that had been the case, as a result of proper now the exchanges buying and selling in these crypto property should not have a regulatory framework both on the SEC, or our sister company, the Commodity Futures Buying and selling Fee, that would instill better confidence. Proper now, there’s not a market regulator round these crypto exchanges, and, thus, there’s actually not a safety in opposition to fraud or manipulation.”
