‘Too Good To Be True’—Crypto Now Braced For An SEC Earthquake As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Surge

Bitcoin
BTC
and cryptocurrencies have been under renewed regulatory scrutiny since the collapse of two major cryptocurrencies earlier this year sparked a multi-trillion dollar crypto crisis.

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The bitcoin price has though managed to claw its way back over $20,000 per bitcoin—even after a serious JPMorgan price warning—helping the price of ethereum, BNB
BNB
, XRP
XRP
, solana, cardano and dogecoin rally from their recent lows.

Now, the chairman of Wall Street’s top regulator has said the Securities and Exchange Commission (SEC) will consider exempting crypto firms from some regulatory requirements in an attempt to tame the crypto “Wild West.”

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MORE FROM FORBES‘A Massive Opportunity’-When The $2 Trillion Bitcoin, Ethereum And Crypto Price Crash Could EndBy Billy Bambrough

“There’s a potential path forward,” SEC chair Gary Gensler said during an interview with Yahoo Finance in comments that point to how the SEC could work with the crypto industry going forward and adding the agency has the authority to give exemptions to certain regulatory and disclosure requirements. “I’ve said to the industry, to the lending platforms, to the trading platforms: ‘Come in, talk to us.'”

Gensler, who has previously branded the bitcoin and crypto market a “Wild West” and this week repeated a warning that many crypto companies are “non-compliant,” said the SEC has “robust authorities from Congress to use our exemptive authorities…