SEC Chair Gary Gensler thinks he’s asked too many questions about crypto compared to how small the market is.
SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market.
Gensler inferred a comparison between the “$110 trillion capital market” the SEC oversees and the $2.4 trillion crypto market — claiming the latter has “an outsized piece of the scams and frauds and problems in our markets” as much of it doesn’t comply with U.S. securities laws. Host Andrew Ross Sorkin asked if the media’s crypto questions are because that’s where the SEC’s attention seems to be focused — which Gensler quickly rebutted that “it’s a function of where your attention is.”:"Crypto is a small piece of our overall markets. But it's an outsize piece of the scams and frauds and problems in our markets."“Think about it. I’ve been on your show, what, a dozen times? And every show, you ask about crypto,” the SEC boss said.
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