SEC Chairman Gary Gensler expressed his frustration over journalists' persistent focus on cryptocurrencies during a CNBC interview, suggesting that the attention does not proportionately reflect the overall size of the crypto market compared to the broader $110 trillion capital market. Gensler criticized the media's emphasis, highlighting that, despite its smaller market cap of $2.3 trillion, crypto-related topics tend to dominate discussions over more significant sectors. He pointed out that while crypto constitutes a minor part of the financial market, it accounts for a larger share of scams and frauds, which might explain the intense media scrutiny. Gensler also commented on the SEC's active role in regulating the space, noting numerous enforcement actions against major crypto firms and platforms. Despite his criticisms, Gensler has not shied away from discussing crypto issues, citing regulatory actions and his views on the centralized nature of Bitcoin in recent public communications.
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