A Crypto Moratorium? Firms Worry SEC Plan Could Close Market Off to Big Investors

Also, Gensler fails to get 5-0 vote on faster stock settlements; mutual funds blast swing pricing proposal

Crypto companies have long contended that Gary Gensler is trying to shut them down with enforcement actions. However, the SEC chair also seems to be targeting the industry via the rulemaking process. Today, the commission met to approve a proposal that would set new requirements for how investment firms must protect customer assets. And while the policy…