U.S. Senator Elizabeth Warren wants the chairman of the Securities and Exchange Commission, Gary Gensler, to weigh in on crypto exchange regulation — a possible prelude to more tangible action on this front in Congress.
In the letter, Warren — no stranger to criticism of the crypto ecosystem — said that her aim was “to request information regarding the Security and Exchange Commission’s (SEC’s) authority to properly regulate cryptocurrency exchanges and to determine if Congress needs to act to ensure that the SEC has the proper authority to close existing gaps in regulation that leave investors and consumers vulnerable to dangers in this highly opaque and volatile market.”
Warren, in sum, wants Gensler to clarify, among other areas, whether the SEC needs more authority to regulate crypto exchanges. It’s a notable area of inquiry, given that Gensler himself told Congress in May that he wants to work with Congress on this particular subject.
“I do think that working with C
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