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SEC's Gensler Wants Greater Scrutiny for Crypto Exchanges: Report
"I've asked staff to look at every way to get these platforms inside the investor protection remit," he said.
Updated May 11, 2023, 4:30 p.m. Published Jan 20, 2022, 12:52 p.m.
Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler wants to apply greater pressure on crypto exchanges to bring them inside the market regulator's purview.
- Gensler aired his concerns about the dangers to consumers if crypto exchanges are not properly regulated in a virtual press conference on Wednesday, according to a report by Bloomberg.
- "I've asked staff to look at every way to get these platforms inside the investor protection remit," he said.
- "If the trading platforms don't come into regulated space, it'd be another year of the public being vulnerable," he added.
- Gensler had previously expressed his desire to see crypto exchanges registered with the SEC for the purposes of investor protection.
- In December, he said in an interview that exchanges are "doing a lot more than just trading," given how they also hold crypto tokens and sometimes trade against their customer base.
- Gensler, during his nine-month reign as chairman of the SEC, has maintained his stance that most crypto tokens are akin to securities and are therefore within the remit of the regulator.
Read more: SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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