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Gary Gensler’s Crypto Warning: 90 Years of Rules Apply

  • Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), warns crypto exchanges to follow the rules and protect the public.
  • Gensler emphasizes the need for stronger oversight in the crypto industry due to fraudsters and scammers.
  • The SEC is engaged in legal battles with major exchanges like Coinbase, Kraken, and Binance.
  • Gensler believes that existing securities laws apply to crypto and argues against the need for new regulations.

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