Gary Gensler criticizes the cryptocurrency market, highlighting the presence of bad actors that fail to comply with securities laws, thus posing risks to public investors. With a focus on fraudulent and non-compliant behaviors, he emphasizes the crypto industry’s need to adhere to legal frameworks.

During his term as SEC Chair, Gensler led over 100 enforcement actions related to cryptocurrencies, following Jay Clayton’s efforts. He believes most digital currencies qualify as securities and should be regulated accordingly. Gensler stresses that regulation is necessary to protect investors and uphold market integrity.