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Jun 6, 2023

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

Bloomberg News

(Bloomberg) -- SEC Chair Gary Gensler warns that the crypto industry could undermine trust in capital markets after the SEC sued Binance and Coinbase, 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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