US SEC Chair Gensler calls on Congress to help rein in crypto 'Wild West'

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US SEC Chair Gensler calls on Congress to help rein in crypto 'Wild West'
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The chair of the U.S. Securities and Exchange Commission (SEC) on Tuesday called on Congress to give the agency more authority to better police ...

WASHINGTON -The chair of the U.S. Securities and Exchange Commission on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a"Wild West" he said is riddled with fraud and investor risk.

Cryptocurrencies reached a record capitalization of US$2 trillion in April as more investors stocked their portfolios with digital tokens, but oversight of the market remains patchy.

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