Gary Gensler
- It takes time to build a case, we do things by the book
- Exchanges are commingling a number of functions
- Platforms offer a web of deceptions, with some individuals trying to evade law
- The public would be aghast if they found out the NYSE was also running a hedge fund
- One sector running around like the wild west undermines trust in all US capital markets
- Binance sister organizations boosted volumes and corrupted the market
Shares of Coinbase are down 20% pre-market.