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Crypto entrepreneurs have engaged in regulatory ‘arbitrage’ to avoid oversight, says SEC’s Gensler

·3 min read
Crypto entrepreneurs have engaged in regulatory ‘arbitrage’ to avoid oversight, says SEC’s Gensler

U.S. Securities and Exchange Commission Chairman Gary Gensler encouraged crypto entrepreneurs to seek to comply with U.S. financial and banking regulations, placing special emphasis on the need for oversight of stablecoins, or digital assets that seek to maintain a peg to the U.S. dollar.