SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler – Regulation Bitcoin News

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all obtainable instruments to deliver crypto platforms into compliance with its guidelines. In addition, the SEC chief mentioned: “Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws.” SEC Chair Gensler on Crypto Regulation SEC Chairman Gary Gensler burdened the significance of bringing crypto platforms into compliance after the securities regulator filed fees towards former Alameda Research CEO Caroline Ellison and former FTX