The post Disclosure Does Not Necessarily Protect Bad Actor: Gary Gensler appeared first on Coinpedia Fintech News
The US SEC Chair Gary Gensler, in a CNBC interview said that crypto exchanges with disclosures are not immune to being sued by regulators if they are manipulating the market. He stated that the companies are not protected from lawsuits if they publicize misleading information that leads to traders pouring money into the products. He stressed that disclosure does not necessarily protect a bad actor. He also said that most crypto companies still do not issue disclosures at all and crypto exchanges have long operated in ways in which trading platforms in traditional financial markets would never be allowed to act.
