Crypto Markets Require Transparency, Says SEC Chair Gary Gensler
The US Securities and Exchange Commission (SEC) Chair Gary Gensler has criticized crypto industry participants for avoiding registration requirements with the regulator.
In his closing remarks during a speech at Columbia Law School, Gensler emphasized the importance of mandatory disclosure for market participants, referring to Supreme Court Justice Louis Brandeis’ statement that “Sunlight is said to be the best of disinfectants.”
Gensler expressed concern over certain participants in the crypto securities markets seeking to evade registration requirements, which results in a lack of mandatory disclosure.
He highlighted the need for transparency in the crypto markets, suggesting that some disinfectant measures could benefit the industry.
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