By Dean Seal (December 1, 2021, 8:17 PM EST) — U.S. Securities and Exchange Commission Chairman Gary Gensler’s approach to regulation doesn’t often align with that of his predecessor, Jay Clayton, but the pair appeared to agree on Wednesday that Wall Street’s top cop has clear-cut authority in the crypto space.
Biden appointee Gensler sat down with Clayton, the Trump-appointed former head of the SEC, at a conference on Wednesday to discuss their individual tenures guiding the agency through the explosive growth of the crypto asset market and the industry around decentralized finance, or DeFi.
Neither Gensler nor Clayton is a beloved figure in the crypto community, which has routinely cast…
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