SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler discussed crypto among other topics in an interview with CNBC on Tuesday. “We oversee a $110 trillion capital market. About half of that is the stock market. Half, as you might know, is the bond markets and other markets,” Gensler said, adding:

Crypto is a small piece of our overall markets. But it’s an outsized piece of the scams and frauds and problems in our markets because … much of this field is noncompliant with the protections of our securities laws.

Regarding the SEC’s Wells notice to Robinhood Markets over its crypto operations, Gensler stressed: “Many of those tokens are securities under the law of the land, as interpreted by the U.S. Supreme Court. So we follow that law. And you, the investors, are not getting the required or needed disclosures about those assets.” Pointing out that “this is earnings seasons right now,” Gensler said: “Where’s the disclosures from these crypto tokens similar to these season earnings releases?”

The SEC chairman also stressed that crypto investors are not getting the proper disclosures they should, stating:

We’re also paid to be merit-neutral. Investors get to decide as long as they get the full, fair, complete and truthful … information. They’re not getting that in crypto.

“Genuinely, I think they’re not getting that in crypto,” Gensler reiterated. “And if they are a crypto security, it’s required and needed.”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。