US securities regulator says crypto events underscore industry risks

US securities regulator says crypto events underscore industry risks

WASHINGTON: The cryptocurrency industry events of the last few days highlight the risks in the industry of co-mingling of intermediary functions, the chair of the US Securities and Exchange Commission said on Wednesday.

“In our tie-tested public policy, we separate out these functions,” SEC Chair Gary Gensler said in remarks at a Healthy Markets Association event.

Concerns over the health of major cryptocurrency exchange FTX sent the cryptocurrency markets into a tailspin this week.

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