Gary Gensler: SEC Could Tailor Disclosures for Crypto Firms

SEC could tailor disclosures to suit crypto companies, Chair Gary Gensler said Thursday, offering new insight into the commission’s future rulemaking. "I've said to the industry, to the lending platforms, to the trading platforms, come in, talk to us. We do have robust authorities from Congress, also, to use our exemptive authority so that we can tailor investor protection," Gensler said during a interview on Thursday. "Even tailoring what the disclosures might be, because maybe not all of the disclosures for somebody issuing equity are the same as a crypto token. But I would note we don't have the same disclosures for an asset-backed security that we do for a stock offering.” Gensler said. “So it’s a thoughtful way to sort of tailor things."