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9/21, 6:37 PM (Source: TeleTrader)
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SEC has 'great authority' over crypto markets - Gensler

United States Securities and Exchange Commission (SEC) Chairman Gary Gensler (pictured) noted on Tuesday that the SEC has "great authority" over the cryptocurrency market in the country, describing "most tokens" as "securities."

Answering questions at an event organized by The Washington Post, Gensler warned that "a lot of people will get hurt" in the case the "crypto exchange platforms" go unchecked.

Gensler also made a comment in which he compared stablecoins to "poker chips" at a gambling table.

Breaking the News / BU