SEC Chairman Gary Gensler Says Crypto Markets Require Transparency
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler criticized crypto industry participants for evading registration requirements with the regulator.
In his closing remarks at Columbia Law School, Gensler emphasized the importance of mandatory disclosure for market participants, citing Supreme Court Justice Louis Brandeis' statement, "Sunlight is said to be the best of disinfectants."
Gensler expressed concern that some participants in crypto securities markets are trying to evade registration requirements, resulting in a lack of mandatory disclosure.
He emphasized the need for transparency in crypto markets and suggested that some disinfectant measures could benefit the industry.
