Author: Charles Gasparino

A recipient of numerous business journalism awards, Gasparino is the author of the New York Times best-selling financial book "The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System." His other books include the critically acclaimed "Blood on the Street," an account of the Wall Street research scandals, as well as "King of the Club: Richard Grasso and the Survival of the New York Stock Exchange." He has also served as a contributor to numerous publications, and a frequent columnist for the New York Post.

SEC’s regulations on dangerous crypto are an uneven mess

Investing

Securities and Exchange Commission Chair Gary Gensler’s regulation of crypto is an uneven mess; digital-coin exchanges get approved by the commission to go public, only to be sanctioned later for selling crypto the agency doesn’t like. The securities laws aren’t clear if he has necessary legal authority to weigh in as he has done, but that hasn’t stopped Gensler from bringing a slew of cases. There is a decent case to be made Gensler’s regulatory agenda is dangerous as well, and not just for the usual reasons involving aggressive enforcement that could crimp crypto’s possibly revolutionary blockchain technology. It’s also because the SEC,…

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