SEC’s Gensler Backs Commodity Regulator Having Bitcoin Oversight

WASHINGTON—Chairman of the Securities and Exchange Commission Gary Gensler signaled that he would support Congress giving more authority to the SEC’s sister market regulator to oversee certain cryptocurrencies such as bitcoin.

Mr. Gensler, speaking at an industry conference, said Thursday that he looked forward to working with Congress to give the Commodity Futures Trading Commission additional power, to the extent that the agency needs greater authority to monitor and regulate “non-security brands … and the related intermediaries.”

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