SEC Chairman Gary Gensler on Thursday defended his regulatory approach to crypto markets, emphasizing investor protection and compliance, as he hinted at an end of his stint as the agency’s chair.
He said that since 2018, around 5-7% of SEC enforcement has been directed toward digital assets, maintaining that the agency’s approach targets specific non-compliant participants rather than the entire crypto market.
He affirmed that "court after court" has upheld the SEC's jurisdiction over offerings that involve securities, even in digital forms.
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"Everything we've done is focused on ensuring compliance with our laws," Gensler said.
He added that investor protection, through disclosure and oversight, has been a central priority, adding that compliance fosters market trust.
His also noted that while Bitcoin, Ether, and stablecoins comprise a large portion of the crypto market, other assets—often speculative—had yet to demonstrate enduring use cases.
Gensler closed with thanking the team at the Securities and Exchange Commission, emphasizing it has been a “great honor to serve with them, doing the people's work and ensuring that our capital markets remain the best in the world.”
What’s Next: As Gensler’s term draws to a close, his approach remains influential. His remarks come as the digital asset community gathers insights at events like Benzinga's Future of Digital Assets conference on Nov. 19, where regulatory and innovation discussions continue to unfold.
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