According to Odaily, Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), recently spoke about the intersection of cryptocurrency and securities law, the political implications of crypto regulation, and his priorities at the SEC during an interview at the Bloomberg Investment Summit on June 25. Gensler emphasized that there is no inconsistency between crypto securities and existing securities laws. He pointed out that the rules governing securities are clear and can protect investors, ensuring fair, orderly, and efficient markets.
Despite this, he believes that many entities within the cryptocurrency field do not comply with these laws. This non-compliance is a key issue that the SEC aims to address through its regulatory oversight. Regarding the growing political significance of the cryptocurrency industry, Gensler stated that his primary responsibility is to protect investors and supervise issuers, ensuring access to fair, orderly, and efficient markets. He added that while others can participate in political discussions, his duty is to maintain the integrity of the capital markets.