SEC Weighs Path Forward for Crypto Trading Platforms

By Paul Kiernan. April 4, 2022. (Wall Street Journal)

WASHINGTON—The Securities and Exchange Commission is studying ways to make it more feasible for cryptocurrency trading platforms to register with the agency as exchanges, Chairman Gary Gensler said Monday.

Mr. Gensler has been urging crypto-trading platforms such as Coinbase Global Inc. COIN 2.51% to submit to SEC oversight for months, saying the firms allow investors to buy and sell assets that meet the legal definition of securities. The trading platforms have refused. They dispute the assertion that they list securities and cite a variety of technical reasons why they view SEC regulation as impractical.

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