US Securities and Exchange Commission (SEC) Chairman Gary Gensler stated in an interview with CNBC that too many questions are asked about cryptocurrencies. Gensler stated that cryptocurrencies account for only a small share of the $110 trillion traditional stock and bond market, but account for a large share of fraud and problems. 📉🔍

Over the past 18 months, the SEC has filed a series of lawsuits and Wells Notices against the largest cryptocurrency companies with ties to the United States. In 2023 alone, the SEC brought 43 enforcement actions against digital asset market participants. “Many crypto tokens are securities under the law,” Gensler noted. 🏛️💼