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It's Tuesday, June 13th, 20203, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine, here again with your featured story.

On today, show we're digging deeper into the long arm of apparent regulatory overreach.

And just a reminder, CoinDesk is a news source and does not provide investment advice.

Today's featured stories and opinion piece from David Z. Morris, CoinDisc's chief, Insights columnist. Our piece today is entitled The New Crypto Bill Gary Gensler doesn't want you to know about.

When Garrett Gensler's Securities and Exchange Commission, or SEC, last week filed securities

charges against America's biggest cryptocurrency exchange, they were premised on a single core idea.

The U.S. law already includes the necessary tools to regulate cryptocurrency assets and marketplaces.

Gensler, an appointee of the Biden administration, has consistently repeated that crypto doesn't need new rules. But legislators from both the House and Senate and belonging to both political parties

seem to disagree. A series of recent bills shows the legislative branch actively engaged in

lawmaking around

crypto. In other words, they clearly don't agree that the status quo is good enough.

...