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SEC chair says crypto intermediaries should comply with law - BusinessWorld Online

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US Securities and Exchange Commission (SEC) Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with law.

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“Their business model right now is offering the public … an interest return in crypto … and then possibly trading against their customers,” Mr. Gensler told Yahoo Finance in an interview on Tuesday. “The runway is getting shorter” between crypto lenders’ compliance and SEC enforcement, the SEC chair added.

 

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