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News Explorer — SEC's Crypto Crackdown Has Caused Unrest, Leading to Companies to Look Beyond US Borders

Generated by AI, curated by humans


Jun 9, 12:24 pm
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SEC's Crypto Crackdown Has Caused Unrest, Leading to Companies to Look Beyond US Borders

SEC Chair Gary Gensler has highlighted the "many problems" in the crypto industry, urging for further investor protections. He has pointed to cases of exchanges offering securities without registering them with the SEC, as well as instances of fraud and manipulation. Companies such as Galaxy Digital and Ripple have expressed frustration with the confusing regulatory environment, leading to some considering options beyond America’s borders.

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