SEC’s Temporary Restraining Order Would ‘Effectively End’ Binance.US Business, Crypto Exchange Claims

“I do assume that working with Congress, and I believe it’s only Congress that might actually handle it, it could be good to think about, if you happen to would ask my ideas, to think about whether or not to deliver better investor safety to the crypto exchanges,” Gensler’s full quote mentioned. “And I believe if that have been the case, as a result of proper now the exchanges buying and selling in these crypto property do not need a regulatory framework both on the SEC, or our sister company, the Commodity Futures Buying and selling Fee, that might instill better confidence. Proper now, there’s not a market regulator round these crypto exchanges, and, thus, there’s actually not a safety in opposition to fraud or manipulation.”