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.
The head of the United States securities regulator, Gary Gensler, appears to be getting fed up with answering questions about crypto — recently commenting he receives an “outsized ratio” of questions about it compared to traditional finance.
“Crypto is a small piece of our overall markets,” Gensler said on CNBC’s Squawk Box on May 7 responding to a question on where the Securities and Exchange Commission’s priorities lie.
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.
