SEC’s Gensler Says There Are Parallels to FTX In Binance

© Reuters SEC’s Gensler Says There Are Parallels to FTX In Binance

(Bloomberg) — SEC Chair Gary Gensler warns that the crypto industry could undermine trust in capital markets after the SEC sued Binance and Coinbase (NASDAQ:), alleging that the crypto platforms mishandled customer funds and misled investors. Gensler also cautions against investment advisers holding crypto assets in their funds. He speaks to Bloomberg’s David Westin.

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