According to Golden Finance, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said on Wednesday that if cryptocurrency exchanges "manipulate the market", disclosing information will not prevent them from being sued by regulators. He said that if these companies publish "misleading" information, causing traders to invest money in products they would not otherwise invest in, they will not be immune from lawsuits. Gensler said: "Disclosure does not necessarily protect bad guys. You can't just disclose it and be done with it." Gensler also said on Wednesday that most cryptocurrency companies still do not publish disclosure information at all. He said that cryptocurrency exchanges have long operated in a way that trading platforms in traditional financial markets would never be allowed.