US SEC Chair Worries ‘Commingling’ by Crypto Exchanges Could Endanger Clients’ Assets
Cryptocurrency exchanges

US SEC Chair Worries ‘Commingling’ by Crypto Exchanges Could Endanger Clients’ Assets

Cryptoasset exchanges are not placing walls between respective parts of their activities, such as trading, custody, and marketing services, which could lead to the “commingling” of their activities, and put their clients’ interests in jeopardy, according to Garry Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). The official also indicated that his agency is looking into the ties between the leading stablecoins and major exchanges.