Gensler Focuses on Crypto Trading Platforms in Senate Hearing

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

Mr. Gensler also reiterated his openness to potentially banning payment for order flow, a practice in which stockbrokers sell customers’ trades to high-speed trading platforms.

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