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SEC Chair Gensler Likens Binance to FTX, Expresses Concern Over Crypto Industry

Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – sees “parallels” between Binance and its failed competitor FTX’s handling of customer assets. During an interview with Bloomberg on Tuesday,...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

SEC Chair Gensler Likens Binance to FTX, Expresses Concern Over Crypto Industry
Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – sees “parallels” between Binance and its failed competitor FTX’s handling of customer assets. 
During an interview with Bloomberg on Tuesday, the chairman said financial advisors should not look to Binance as a trustworthy custodian for their crypto assets....
Read More: SEC Chair Gensler Likens Binance to FTX, Expresses Concern Over Crypto Industry

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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