Gensler confirms SEC won’t ban crypto… but Congress could

Gary Gensler, head of the United States Securities and Exchange Commission, has confirmed that his agency does not have the authority or intention to ban cryptocurrency.

While responding to questions during a House Committee on Financial Services hearing on Tuesday, Gensler emphasized that prohibiting crypto does not fall within the SEC’s mandate, stating, “That would be up to Congress.”

Leave a Comment

Your email address will not be published. Required fields are marked *