Crypto’s Wild West Days May be Coming to an End

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By Rob Lenihan SEC Chair Gary Gensler makes an important call for the future of cryptocurrencies. Joseph Kennedy, the first Securities and Exchange Commission Chairman, lived by simple credo: “No honest business need fear the SEC.” Bear in mind, Kennedy was not a popular choice for the commission’s top spot, with future SEC Chairman Jerome Frank saying the appointment was “like setting a wolf to guard a flock of sheep.” Gary Gensler, the current SEC chair, recalled Kennedy’s line about honest businesses during a Sept. 8 address about cryptocurrency. ‘Working With Congress'”Nothing about the cr…

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