SEC Chair says the 'runway is getting shorter' for crypto companies

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, U.S., September 15, 2022. (Credit: Evelyn Hockstein—Reuters)

Securities and Exchange Commission Chair Gary Gensler stuck to his time-tested talking points in a Wednesday interview with Yahoo Finance even as criticism mounts for not doing anything to prevent the implosion of crypto exchange FTX.

Gensler, who's previously called crypto “the Wild West” and launched several enforcement actions against the sector, once again called on crypto companies operating in the country to “come into compliance” with U.S. securities laws or face the consequences.