SEC Chairman Gary Gensler:
• I don't trust cryptocurrencies because there's a lot of fraud, and many companies don't follow US laws.
• The SEC often wins court cases about crypto.
• We always follow the law when it comes to ETFs.
• Not all crypto tokens are securities, but most are.
📣SEC Chairman Gary Gensler:
• The crypto industry needs mediators.
• The SEC is prepared to oversee and regulate this new technology.