SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often – Regulation Bitcoin News

The chairman of the U.S. Securities and Exchange Commission , Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms “commingling” services.SEC Chairman Gary Gensler said in an interview with Bloomberg News Tuesday that some cryptocurrency exchange platforms may be betting against their own customers.

Noting that the problem of “platforms trading ahead of their customers” is widespread in the crypto space, the SEC chair asserted: The SEC chief also raised issues with stablecoins, emphasizing that the three largest stablecoins are affiliated with crypto exchanges. Tether is affiliated with Bitfinex, USD Coin is linked to Circle, and Binance USD is connected to Binance.I don’t think that’s a coincidence. Each one of the three big ones were founded by the trading platforms to facilitate trading on those platforms and potentially avoid AML and KYC.

🤡

So these superpowers printing money out of thin air is in interest of people! Atleast cryptocurrency gives us freedom to choose

Isn't this what banks have been doing with all our money since forever?

I'm glad the SEC knows what's in investor's best interest.

Sir Dark Pool and PFOF is even worst. What about them. Will you ban them.

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GaryGensler was HillaryClinton prez 2016 CFO —

Old news and it's been going on for ages and Washington front runs the market ahead of the news...even with new laws in place Pelosi made a fast $10 million; exercising call option on Tesla through her husband's account Gensler ...set an example for USA, fix your office first!

So they attacked and trying to kill crypto. “ I told you so”

They are!

Really is that true...?

Why everybody is silent about this

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Although he's right in some sence, his intentions are pretty obvious

So like the stock market? GaryGensler always a 🤡! VoteThemAllOut2022 Wallstreetgames cryptotrading

If he thinks so, then he has never been to bitfinex before

Lol glad to hear I inflicted losses on them.

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