Jan 19, 2023 | Banking, Capital Markets, Financial Stability, Op-Ed
The Securities and Exchange Commission brought an enforcement action last week against the cryptocurrency brokerages Genesis Global Capital and Gemini Trust. As with the failure of crypto exchange FTX, the SEC is late to the game—likely too late for the 340,000 U.S....
Dec 6, 2022 | Banking, Capital Markets, Statement
Issues with Crypto Asset Custody and SEC Staff Accounting Bulletin No. 121 December 6, 2022 Policymakers must promptly take action to enhance the provision of independent custody services in crypto markets, as demonstrated by the recent failure of FTX and the...
Nov 17, 2022 | Capital Markets, Financial Stability, Op-Ed
Originally Appeared in the Wall Street Journal After the crypto exchange FTX filed for bankruptcy last week, Securities and Exchange Commission Chairman Gary Gensler announced that he will crack down on the “wild west” of crypto markets. Meanwhile,...
