Most crypto should be regulated as securities, NYSE-owner ICE's CEO says


Jeff Sprecher chief executive officer of IntercontinentalExchange speaks during the Sandler ONeill global exchange and brokerage conference in New York June 10 2011.  REUTERSLucas JacksonFile Photo

Jeff Sprecher, chief executive officer of IntercontinentalExchange speaks during the Sandler O'Neill global exchange and brokerage conference in New York June 10, 2011. REUTERS/Lucas Jackson/File Photo

NEW YORK (Reuters) -Most cryptocurrencies will likely be regulated under existing securities laws following crypto exchange FTX's collapse, and traditional players like the New York Stock Exchange may move into tokenized trading, the head of NYSE-owner Intercontinental Exchange Inc said on Tuesday.

"They're going to be regulated and dealt like securities," ICE Chief Executive Jeffrey Sprecher said of cryptocurrencies at a financial services conference by Goldman Sachs Group Inc.

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