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SEC Chairman Claims Crypto Market is Rife with Noncompliance Despite Existing Regulatory Rules

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), stated in a House Appropriations Subcommittee on Financial Services and General Government hearing that regulatory rules already exist for the cryptocurrency market.

However, he claims that the industry is "rife with noncompliance."

SEC Gary Gensler
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