Gary Gensler: Current securities laws apply to the crypto field, and many industry entities have not complied with regulations.

Odaily Planet Daily News On June 25, Gary Gensler, chairman of the U.S. SEC, spoke at the Bloomberg Investment Summit about the intersection of cryptocurrency and securities law, the political impact of crypto regulation, and his priorities at the SEC. Gensler emphasized that there is no inconsistency between crypto securities and existing securities laws. He pointed out that the rules governing securities are clear and can protect investors, ensuring fair, orderly, and efficient markets. However, he believes that many entities in the cryptocurrency field do not comply with these laws. This non-compliant behavior is a key issue that the SEC aims to address through its regulatory oversight. Regarding the growing political significance of the cryptocurrency industry, Gensler stated that his main responsibility is to protect investors and oversee issuers, ensuring a fair, orderly, and efficient market. He added that others can also participate in political discussions, but his duty is to maintain the integrity of the capital market. (Bloomberg)