SEC Chairman Gary Gensler emphasized the importance of stronger financial regulations to protect investors and contain risk in a speech to the Investment Company Institute. He discussed the historical context of financial crises and the need for well-regulated collective investment vehicles. Gensler also addressed liquidity risks in money market funds and proposed measures to enhance risk management. He used a fable to illustrate the importance of investors cashing out before a crisis hits. Additionally, Gensler highlighted the need for continued regulation of collective investment vehicles and addressed concerns about the lack of clarity in the regulation of cryptocurrencies.