Gensler describes the cryptocurrency industry as problematic.
07/19/2023
https://www.congress.gov...
The need for reform of our financial system parallels what we faced as a nation in the 1930s.
We have to bring comprehensive regulation to the over-the-counter (OTC) derivatives markets.
Transparency and efficiency would also improve for all end-users if we bring them onto regulated exchanges or trading venues.
I believe we cannot afford any more multi-billion dollar bailouts of ineffectively regulated derivatives dealers.