Gensler was formerly the head of the Commodities Futures Trading Commission. Notably, if cryptocurrencies become classified as “securities” they will be under the SEC’s purview.
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Gary Gensler, President Joe Biden’s prospective pick to lead the U.S. Securities and Exchange Commission, said he is open to the idea of digital currencies, but warns investors must be “adequately protected.” So reports Fox Business.
Gensler was formerly the head of the Commodities Futures Trading Commission. Notably, if cryptocurrencies become classified as “securities” they will be under the SEC’s purview.