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Fortune

Leo Schwartz

Gary Gensler says his door is open. Crypto companies say that’s not true

Gary Gensler SEC Crypto Kraken Lee Reiners Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Jesse Powell Paul Grewal Coinbase

(Credit: David Paul Morris—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insight on policy and regulation.

On Friday, the day after the Securities and Exchange Commission announced a $30 million settlement with Kraken over its crypto staking service, SEC chair Gary Gensler appeared on CNBC’s Squawk Box. “Kraken knew how to register, others know how to register, it’s just a form on our website,” Gensler told host Andrew Ross Sorkin.

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