SEC

Coinbase, the largest crypto exchange in the US, faces a potential SEC investigation

Cryptocurrency has an SEC problem — and it just got bigger.

The Biden administration is taking a more hands-on approach to the highly volatile, little understood, and barely regulated cryptocurrency industry. Cryptocurrencies are decentralized digital currencies secured by blockchain technology. Bitcoin, ethereum, and other cryptocurrencies have become almost as accessible as government-issued currency in recent years, but the government offers few consumer protections for them.

The Securities and Exchange Commission (SEC) — led by Gary Gensler, who taught a class on cryptocurrency at MIT — is trying to make the case that it can and will regulate whatever cryptocurrency investment

Read More

Warren asks SEC to take closer look at cryptocurrency exchanges

Sen. Elizabeth WarrenElizabeth WarrenWarren slams Wells Fargo decision to close customer credit lines Schumer warns August recess in danger as infrastructure work piles up The Hill’s Morning Report: Afghanistan’s future now up to Afghans, Biden says MORE (D-Mass.) is asking the Securities and Exchange Commission (SEC) to assess the effect of cryptocurrency exchanges on U.S. financial markets and the risks they could pose to consumers.

In a letter released Thursday, Warren asked SEC Chairman Gary GenslerGary GenslerHillicon Valley: Warren asks SEC to take closer look at cryptocurrency exchanges | Maryland town knocked offline as part of massive

Read More