SEC Chief Gensler Blasts Crypto Firms for Unregistered ‘Staking’

The top US markets watchdog renewed his assertion that Coinbase Global Inc. and other digital asset firms that offer crypto lending products are violating securities laws.

Crypto firms are flouting federal requirements to register and disclose information to investors about their products, Securities and Exchange Commission Chair Gary Gensler said, according to remarks prepared for delivery Thursday at a fintech conference sponsored by Piper Sandler Cos.

His comments follow two blockbuster enforcement actions earlier this week against Binance Holdings Ltd, the world’s largest crypto exchange, as well as Coinbase, the biggest in the US.

On Tuesday, the SEC ...