Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), discussed topics such as cryptocurrency during an interview with CNBC on Tuesday. Gensler stated that the SEC regulates $110 trillion in capital markets, with approximately half being in the stock market and the other half in the bond market and other markets. Cryptocurrency is only a small part of our entire market, but it is a huge part of fraud, deception, and problems in our market because most of the content in this field does not comply with our securities law.

Gensler also emphasized that cryptocurrency investors have not received appropriate disclosure and our compensation is based on performance neutrality. As long as investors have complete, fair, full, and true information, they can make decisions. They have not received this in cryptocurrency. Gensler reiterated that if they are a type of encrypted security, then it is necessary.