Critics fear SEC’s Gensler is seeking ‘unlimited powers’ in crypto regulation
September 16, 2021 at 15:58 PM EDT
Securities and Exchange Commission Chairman Gary Gensler ruffled feathers in the cryptocurrency community when he declined rule out regulating stablecoins as securities during a hearing before the Senate Banking Committee on Tuesday, but stablecoin issuers will have larger regulatory headaches than the SEC if reformers get their way.