SEC: Unregulated US Crypto Market Goes Wrong

If US crypto markets and related platforms remain unregulated, things will go wrong. Gary Gensler, the US Securities and Exchange Commission (SEC) chairman, warned against this. According to Gensler, there are trading platforms and lenders with hundreds, if not thousands, of tokens, circulating. "This doesn't end well if these are left out of the view of regulators." A token is a cryptocurrency. Gensler made the statements at a conference for programmers in Beverly Hills, California. The SEC previously described cryptos as "the Wild West" and called for stricter oversight of the markets. The regulator also warned that previous…



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