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Former chairman of the CFTC Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected.

Former chairman of the Commodity Futures Trading Commission (CFTC) Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected. Gensler shared his views with Cointelegraph at MIT Technology Review's Business of Blockchain 2019 on May 2.

Speaking about the perspective on such services and products as custody and bitcoin (BTC) exchange-traded funds (ETFs), Gensler argued that for the market to prosper and potentially grow, investors should know that they have both investor and consumer protection embodied in the law in case of market manipulation or losing of private keys, among other issues.

https://cointelegraph.com/news/former-cftc-chair-gary-gensler-says-crypto-market-needs-regulation-in-order-to-grow