Gensler’s sticking to his guns while the Senate Ag Committee discusses the Stabenow-Boozman Bill.
firms into the crypto space and said they are interested in entering “in compliance with time-tested investor protection rules,” which existing intermediaries should follow as well to ensure a level playing field. He added that he has instructed his staff to look for ways security and non-security cryptos can trade together.
Gensler noted that “crypto intermediaries may need to one day register with both the SEC and the Commodity Futures Trading Commission ,” and there are already dual registrants. Gensler’s testimony was originally scheduled for Sept. 14, but was rescheduled for the following day. Gensler will deliver his speech at roughly the same time as CFTC chairman Rostin Behnam and several representatives of the crypto
on the proposed Digital Commodities and Consumer Protection Act. That bill is seen as favorable to the CFTC in relation to the SEC.
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