Securities and Exchange Commission Chair Gary Gensler has spent his tenure locked in a feud with the crypto industry, whose leaders argue the agency has pursued an approach of “regulation by enforcement” with its torrent of lawsuits and settlements.
Now, Gensler will have a new company to point to as an example of a crypto firm operating by the rules: the Utah-based tZero, which on Tuesday became just the second firm to receive a special-purpose broker-dealer license from the SEC and Financial Industry Regulatory Authority (FINRA), allowing it to custody digital asset securities.
