Chairman of the U.S. SEC: The crypto market is a hotbed of fraud, and investors have not received important information disclosure

PANews reported on May 8 that according to CNBC, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview that the SEC regulates a $110 trillion capital market, about half of which is the stock market and half is the bond market and other markets. Cryptocurrency is only a small part of the entire market. But it is a huge part of the scams, frauds and problems in the market because most of this field does not meet the protection of securities laws. The SEC cannot talk to any company, but stepping back, in the field of crypto assets, without prejudging any of them, according to the interpretation of the U.S. Supreme Court, many of these tokens are securities under local laws, so we comply with this law, and investors do not get the necessary disclosures about these assets.