[U.S. SEC Chairman: It is important to regulate crypto issuers and intermediaries]

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke about cryptocurrency regulation in a speech to the U.S. Treasury Department’s Financial Stability Oversight Committee (FSOC) on Friday. Gary Gensler stressed the importance of keeping “intermediaries and issuers of crypto securities” compliant, saying, “Nothing about the crypto market is incompatible with securities laws. However, this speculative, volatile nature and, in my opinion, fundamental Investors are exposed to risks arising from non-compliant markets.

Additionally, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) recommended that regulators continue to “enforce existing rules and regulations applicable to the crypto-asset ecosystem.”