ChainCatcher reported that according to Bloomberg, U.S. SEC Chairman Gary Gensler talked about the intersection of cryptocurrency and securities law, the political impact of crypto regulation, and his priorities at the SEC in an interview at the Bloomberg Investment Summit.
Gensler stressed that there are no inconsistencies between crypto-securities and existing securities laws. He noted that the rules governing securities are clear and exist to protect investors and ensure fair, orderly, and efficient markets. Nonetheless, he believes that a large number of entities within the cryptocurrency space do not comply with these laws. Such noncompliance is a key issue that the SEC aims to address through its regulatory oversight.
Regarding the growing political significance of the cryptocurrency industry, Gensler said his main responsibility is to protect investors and supervise issuers to ensure access to fair, orderly and efficient markets. He added that others can also participate in political discussions, but his responsibility is to maintain the integrity of the capital markets.