Posted 3/22/2024, 4:15:00 PM
SEC Chief: Crypto Firms Evade Disclosures by Avoiding Registration
- SEC Chairman Gary Gensler said crypto firms avoid disclosures by dodging registration requirements
- Gensler suggested crypto industry seeks to "whittle away at the SEC's disclosure regime"
- No registration means no mandatory disclosure, according to Gensler
- SEC is pursuing enforcement actions against companies like Coinbase and Binance for failing to register and listing unregistered securities
- Coinbase has asked court to force SEC to engage in crypto-specific rulemaking
