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SEC’s Gensler Says Crypto Exchanges Trading Against Clients

  • Gensler concerned about ‘commingling’ of platforms’ services
  • Stablecoins also pose risks for anti-money laundering efforts
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SEC Chair Peirce Wants Clear Rules on Crypto
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Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules and may be betting against their own customers.

The US Securities and Exchange Commission chair reiterated Tuesday that most digital assets fall under his agency’s purview and venues trading them should register with the regulator. The SEC is also beefing up its enforcement efforts, he added.