SEC Chief Accuses Cryptocurrency Exchanges of Trading Against Customers

SEC Chief Gary Gensler recently warned the public that some digital asset exchanges may actually be betting against their own customers. In addition, he criticized stablecoins, including $USDT, $USDC and $BUSD, for their association with exchanges, which makes it "possible for them to avoid anti-money laundering and KYC.
Source

SEC

Related News
SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda
Crypto.com sues SEC to ‘protect the future of crypto’ in US Crypto.com sues SEC to ‘protect the future of crypto’ in US
Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Spot Ethereum ETFs get final sign off to begin trading Tuesday Spot Ethereum ETFs get final sign off to begin trading Tuesday
Ripple faces securities suit in California over CEO’s ‘misleading statement’ Ripple faces securities suit in California over CEO’s ‘misleading statement’
Latest News More More
12 Hours Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
5 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open