• Regulation,  United States

    Is Gary Gensler’s Bark Worse Than His Bite?

    Chairman seeks greater authority, but Americans—and a Connecticut jury—aren’t convinced

    SEC Chairman Gary Gensler thinks investors needs more protection when it comes to Crypto, telling a key Senate committee recently that when it comes to financing, issuing, lending or trading Crypto, more is better when it comes to Crypto regulation. Following his testimony, Gensler characterized U.S. securities laws in a way that brings to mind the wide nets that industrial fishing trawlers use to snare vast numbers of tuna on the open seas. And if you happen to be pondering a foray into the staking arena be warned, he said, because lending products are likely to fall under the purview of the Twin Towers of SEC authority:  The 1933 Securities…