Gensler compares cryptocurrency market, regulations to 'wild west'
Summary by The Hill
Securities and Exchange Commission Chairman Gary Gensler said Tuesday that the rapid proliferation of cryptocurrencies and investment products tied to them resembled the “wild west.”
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Gary Gensler gives a signal on new SPAC regulations
New regulations on the SPAC market have been slow to come, but SEC chair Gary Gensler on Tuesday assured Congress that they are indeed coming.Why it matters: SPAC volume has skyrocketed in the past two years, but their rules haven't evolved.Get market news worthy of your time with Axios Markets. Subscribe for free.What Gensler said, in response to a question from Sen. Sherrod Brown (D-Ohio):"I think the risks are to investors and the disclosure …
Gensler compares cryptocurrency market, regulations to 'wild west'
Securities and Exchange Commission Chairman Gary Gensler said Tuesday that the rapid proliferation of cryptocurrencies and investment products tied to them resembled the “wild west.”