SEC Chair #GaryGensler discussed key issues in a recent #CNBC interview:

▪️The SEC manages a capital market worth $110 trillion, with cryptocurrencies representing only a minor segment.

▪️There is significant concealment of information by digital asset issuers and prevalent fraud within the cryptocurrency sector is avialable.

▪️Despite its modest scale, the crypto market garners an excessive amount of media attention, resulting in a disproportionate number of inquiries directed at it.

▪️The decision about #Ethereum" is currently pending.

▪️Legally, the majority of cryptocurrencies are classified as securities.

#CryptoWatchMay2024 #BTC