SEC Chair Gary Gensler criticized crypto firms for avoiding registration requirements in a recent speech at Columbia Law School. Gensler emphasized the importance of mandatory disclosure for market participants and suggested that the crypto markets could benefit from more transparency. The SEC is currently pursuing enforcement actions against major crypto companies, including Kraken, Binance, Ripple, and Coinbase, while also considering classifying Ether as a security. Despite calls for clearer regulations, the SEC has made progress in approving crypto-tied exchange-traded products for U.S. exchanges.