SEC Chair Gary Gensler says investors lack needed crypto disclosures following multiple Wells Notices | Headlines | News | CoinMarketCap

05/07/2024 20:31
SEC Chair Gary Gensler says investors lack needed crypto disclosures following multiple Wells Notices | Headlines | News | CoinMarketCap

Securities and Exchange Commission Chair Gary Gensler says investors are not getting vital crypto disclosures after the agency handed out notices to …

Securities and Exchange Commission Chair Gary Gensler says investors are not getting vital crypto disclosures after the agency handed out notices to multiple crypto entities that it plans to bring enforcement actions against. 

Gensler was asked Tuesday morning on CNBC Squawk Box about the agency's recent move to file a Wells Notice against Robinhood Crypto, the crypto unit of the brokerage firm Robinhood Markets. The exchange said on Monday that SEC staff had decided to recommend an enforcement action against the crypto unit, alleging securities violations.

Gensler said he couldn't speak to any one company. 

"Stepping back from it — the field of crypto assets — without prejudging any one of them, many of those tokens are securities under the law of the land, as interpreted by …

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