– The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has proposed one rule book for the regulation of crypto assets.
– The rule book would protect investors against fraud, front-running, and manipulation, in addition to providing transparency over order books.
– Gensler is looking to strike agreements with other financial regulators, including the Commodity Futures Trading Commission (CFTC), to avoid gaps in the oversight of the crypto sector.
– Last week, Gensler warned of too good to be true crypto products. He also recently warned that crypto exchanges often trade against their customers.
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