Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»SEC Chairman Gary Gensler said disclosure is not enough to protect cryptocurrency exchanges.
ADOPTION NEWS

SEC Chairman Gary Gensler said disclosure is not enough to protect cryptocurrency exchanges.

By Crypto FlexsJune 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Chairman Gary Gensler said disclosure is not enough to protect cryptocurrency exchanges.
Share
Facebook Twitter LinkedIn Pinterest Email
Regulations • June 5, 2024, 3:38 PM EDT

Posted 1 minute ago In ~

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said Wednesday that federal securities agents can continue to take enforcement actions against cryptocurrency exchanges even if the platforms disclose the risks of their products to retail investors.

In a CNBC interview, Gensler said that public cryptocurrency exchanges would not be able to avoid being sued by regulators if they “manipulate the markets.” He also said the company is not protected from lawsuits if it discloses “misleading” information that entices traders to pour money into products they would not invest in.

“Disclosure does not necessarily protect bad actors,” Gensler said. “You can’t just make it public.”

Gensler also said Wednesday that most cryptocurrency companies are still not making any disclosures at all. He said in a CNBC interview that cryptocurrency exchanges have long operated in a way that trading platforms in traditional financial markets were never allowed to operate.

The SEC has been cracking down on the digital asset industry in recent years, especially after the collapse of cryptocurrency exchange FTX. The organization has sued Kraken and Binance, and is continuing a civil lawsuit against Coinbase, the largest U.S. cryptocurrency exchange by daily trading volume.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, crypto, and video games for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She received a master’s degree in journalism from CUNY. X: Follow her at @LizKNapolitano.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

🔥Weekly Altcoin Report: Bitcoin Will Hit +$50,000

February 11, 2024

Online trading platform: Spotlight on Investxm

March 1, 2024

Warp 1.5.0 introduces tile-based programming for improved GPU efficiency.

December 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.