US SEC Chairman: The crypto market has "centralization," and exchanges hold disproportionate power

ChainCatcher News, U.S. Securities and Exchange Commission Chairman Gary Gensler criticized the cryptocurrency industry again during a speech at a conference hosted by the Securities Industry and Financial Markets Association on Monday, condemning the disproportionate power held by centralized cryptocurrency exchanges in the industry. Gensler stated, "We even see the centralization of the crypto market, which is built on the idea of decentralization; this field is actually very concentrated in the intermediaries in the market." (Decrypt)