SEC chief wants more scrutiny & regulation of cryptocurrencies

The new head of the SEC, Chair Gary Gensler, wants to protect cryptocurrency investors from fraud and believes that changes in investment laws will be needed soon.

Cryptocurrencies are a hot-button topic in financial circles, and the prospect of government oversight of the field has been raised repeatedly. In his first interview on cryptocurrencies since assuming office in April, Securities and Exchange Commission Chair Gensler offers some positive thoughts on the subject.According to Gensler, he is "neutral on the technology, even intrigued," having previously spent three years "teaching it, leaning into it." However, speaking to Bloomberg, he says there is a need for safety, claiming "I'm not neutral about investor protection."

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