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Cryptocurrency Firms, Exchanges Say Trade Group to Address Market Integrity

Bracewell’s Anne Termine addressed with CQ Roll Call the call to action by cryptocurrency exchanges to protect their customers.

“What you’re seeing here is the variety of players in the industry putting together standards to ensure the right kind of surveillance and the right kind of protection and guidelines in place for their customers,” Termine said.

Cryptocurrency firms including exchanges and stablecoin issuers said they have formed a Crypto Market Integrity Coalition to address concerns from federal agencies that digital assets are rife with fraud.

SEC Chair Gary Gensler has called the crypto industry the “Wild West” that could be subject to fraud and manipulation.

Click here to read more from CQ Roll Call (subscription required).