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Gary Gensler Focuses On Crypto Trading Platforms, Order Flow Payment At Senate Hearing

WASHINGTON – Securities and Exchange Commission Chairman Gary Gensler said he was taking a close look at cryptocurrency trading platforms during a hearing on Tuesday in which he called for more funding for the regulatory agency.

Mr Gensler also reiterated his openness to the potential payment ban for order flow, a practice in which brokers sell client trades to high-speed trading platforms.