Gary Gensler, Chairman of the United States Securities and Exchange Commission It issued a warning to crypto firms to “abide by the law” after the agency previously announced its deal with Kraken.
in the list Squawk Box CNBC’s Feb. 10, Gensler. said Crypto exchanges should register with the SEC to be compliant in the US. Claiming that now many in the industry “choose” not to do so.
“The law protects ordinary investors,” Gensler said. and use their money for your own platform.”
Gensler’s statement came after the SEC announced its deal with Kraken, which it agreed to.to closeStaking service for US customers As well as paying an additional $30 million in fines and civil penalties, Kraken said it would continue to offer its stake to non-U.S. users through a separate subsidiary.
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