SEC's Gensler on GameStop, cryptos: LIVE updates
Cryptocurrency demand forced Robinhood offline this week hurting customers
SEC chief signals new regulations for Robinhood, other trading apps
SEC Chairman Gary Gensler testified before the House on GameStop and other 'meme' stock trading. FOX Business' Edward Lawrence with more.
Securities and Exchange Commission Chair Gary Gensler made his first appearance on Capitol Hill, before the House Financial Services Committee, in his new role.
Gensler, gave his take, on the factors that contributed to the trading frenzy that hit GameStop and other heavily shorted names including AMC in early January.
GENSLER TO WALK THRU GAMESTOP TRADING MESS AT HEARING
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP. | 11.08 | -0.21 | -1.86% |
| AMC | AMC ENTERTAINMENT | 2.94 | -0.09 | -2.89% |
He was weighed in on cryptocurrencies as investors plow into not only Bitcoin but Ethereum and Dogecoin as well.
CRYPTO DEMAND KNOCKED ROBINHOOD OFFLINE
A recap of his appearance can be found in the FOX Business Blog. Mobile users click here.
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