SEC chief Gary Gensler says crypto will only become mainstream if clear rules are in place, as he plans tighter regulation

Gary Gensler became chair of the SEC in April.

  • SEC Chair Gary Gensler said crypto will only take off if there are clear rules around the market.
  • He said investors need more protection from fraud and suggested he wants to focus on crypto exchanges.
  • Gensler said the SEC is looking at at least seven crypto areas including DeFi, stablecoins and ETFs.
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New Securities and Exchange Commission chief Gary Gensler has said crypto can only become mainstream if regulators lay out clear rules – as he sets his sights on stricter regulation for the $1.6 trillion digital asset market.

In a wide-ranging interview with Bloomberg, Gensler said he believes investors need more protection against fraud.

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