🐦 SEC Chair Gary Gensler:

Many cryptocurrencies are securities under U.S. law, yet investors do not receive the required disclosures about them.

🔺In the past month, the SEC has issued Wells Notices, indicating potential lawsuits to several crypto companies, including Robinhood Crypto, ConsenSys, and Uniswap, and is currently engaged in legal proceedings with exchanges Binance and Coinbase.

🤨 Gensler also emphasized the necessity of complying with securities laws regarding crypto assets.