Gary Gensler makes final push for U.S. crypto regulation

Odaily News Institutional reports say that before the Trump administration and its enthusiasm for digital assets came to power, SEC Chairman Gensler was making a final lobbying effort to allow the agency to regulate the cryptocurrency market. In a speech prepared for a legal conference in New York on Thursday, Gensler reiterated that the agency should focus on "rules of the road" applicable to cryptocurrency sales and intermediaries such as brokers and exchanges to support proper disclosure. Gensler said the experience of the Great Depression made policymakers realize the "importance of disclosure terms because information about securities creates a public product." (Jinshi Data APP)