SEC chair Gensler claps back at Coinbase, says crypto rules already exist By Cointelegraph

The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place.

In a May 15 keynote speech at the Financial Markets Conference, Gensler was asked about the dispute with Coinbase (NASDAQ:), the rules on crypto and why “the SEC doesn’t publish rules for that market.”