- SEC Chair Gary Gensler faces a committee hearing today, April 18.
- His testimony indicates that the SEC is ready to double down on crypto regulation.
- DeFi Platforms may be next in the firing line for the SEC.
Gensler has reiterated his stance that âmost crypto tokens are securities.â He has also explained that a recent proposal updating the investment adviser custody rule would allow the SEC to âcover all crypto assets and enhance the protections that qualified custodians provide.â
Not Backing Down
Despite the pressure on Gensler...