SEC’s Gensler goes on the offensive after Binance and Coinbase lawsuits

Securities and Exchange Commission Chair Gary Gensler Thursday went on the offensive Thursday, saying the giant cryptocurrency exchanges targeted by the SEC had “fair notice” before being sued this week.

“When crypto asset market participants go on Twitter or TV and say they lacked ‘fair notice’ that their conduct could be illegal, don’t believe it,” Gensler said in a speech at the Piper Sandler Global Exchange & Fintech Conference.

“They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business.”

On Monday the

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