The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place.
In a May 15 keynote speech at the Financial Markets Conference, Gensler was asked about the dispute with Coinbase (NASDAQ:COIN), the rules on crypto and why “the SEC doesn’t publish rules for that market.”