Gensler said Tuesday that the government’s focus is on ensuring that the industry adheres to investor and consumer protection rules, anti-money laundering regulations and tax laws. He made the comments at a House hearing after a Republican lawmaker asked if a China-like prohibition was on the table in the U.S.
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SEC chief says the U.S. won't ban cryptocurrencies
“Our approach is really quite different,” Gensler said. He added that any ban would probably have to be legislated by Congress.
