WASHINGTON—When high Biden administration officers gathered final month on the Justice Division to announce a $4.3 billion authorized decision with Binance, one highly effective regulator was absent.
Lawyer Basic Merrick Garland was there. So was Treasury Secretary Janet Yellen. However Securities and Change Fee Chair Gary Gensler wasn’t, regardless that he has his personal authorized beef with Binance. The SEC sued the world’s largest cryptocurrency exchange in June and has been the regulatory scourge of the crypto world.
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