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Cryptocurrencies Face Greater Oversight Under Gensler-Led SEC

  • Former CFTC head has long advocated federal regulation
  • Gensler has said oversight could boost mainstream adoption
Gary Gensler
Gary GenslerPhotographer: Andrew Harrer

Gary Gensler’s expected nomination to lead the U.S. Securities and Exchange Commission is seen ushering in an era of greater federal oversight of the $1 trillion cryptocurrency market.

Gensler, who most recently taught about cryptocurrencies and their underlying technologies at the Massachusetts Institute of Technology, previously chaired the Commodity Futures Trading Commission and was a partner at Goldman Sachs Group Inc. He is known for pushing back at banks and corporations in search of greater investor protections.