It feels like we've seen this one before. Gary Gensler continues to bang on the drum of security laws when crypto is involved.
cited major enforcement actions against crypto firms as part of the “economic realities” of securities regulation.
“When BlockFi failed to register the offers and sales of a crypto lending product, and made materially false and misleading statements about those securities, we charged them,” said Gensler. “When a former Coinbase manager and others allegedly misappropriated confidential information to purchase crypto asset securities, we charged them.”
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