SEC Chair's Comments and Regulatory Efforts in the Cryptocurrency Market

The chapter discusses SEC Chair's comments on the wider industry's non-compliance with securities laws and the enforcement actions taken against it. It also mentions the SEC's efforts to regulate the cryptocurrency security market sector through rulemaking and proposes updating the investment advisor custody rule to cover all crypto assets. The chapter highlights the benefits and risks of predictive data analytics and artificial intelligence in driving efficiencies and increasing financial inclusion, while also acknowledging the potential conflicts of interest. It concludes with speculation on whether Gensler will comment on ongoing legal battles with Coinbase and other US-based cryptocurrency exchanges.

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