Share this article
SEC’s Gensler Says Crypto ‘Fits in Our Broad Remit’: Report
The U.S. regulator also restated his request to crypto exchanges to “come in, work with the SEC.”
Updated May 11, 2023, 5:20 p.m. Published Dec 13, 2021, 10:00 a.m.
In this article
Crypto fits into the “broad remit” of the U.S. Securities and Exchange Commission (SEC), Chair Gary Gensler said in an interview with the Wall Street Journal on Sunday.
- In the interview Gensler restated his desire for more robust measures to protect crypto investors.
- “The public’s anticipating some profit based upon the efforts of some entrepreneur or computer-science group that’s raised money from the public. That fits in our broad remit at the SEC,” he said.
- Turning to crypto platforms, Gensler said that exchanges are “doing a lot more than just trading,” given that they also hold crypto tokens and sometimes trade against their customer base.
- ‘I’ve said publicly, come in, work with the SEC, get registered. They are fundamentally exchanges, but they also have this other activity going on inside of it. It’s really important to get that investor protection,” he said.
- Gensler had previously said that while not all crypto tokens can be classed as a security, the fact that platforms offer the trading of so many tokens, it is likely that at least some will be.
Read more: Gary Gensler Says Crypto Is a ‘Wild West.’ Others See Pure Capitalism
STORY CONTINUES BELOW
More For You
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.
More For You
Bhutan commits up to 10,000 bitcoin to back new mindfulness-based economic hub
The Himalayan kingdom plans to deploy part of its sovereign bitcoin holdings to fund long-term development through Gelephu Mindfulness City.
What to know:
- Bhutan committed up to 10,000 bitcoin toward the long-term development of Gelephu Mindfulness City, a new economic hub in southern Bhutan.
- The pledge builds on Bhutan’s years-long use of bitcoin mining powered by surplus hydropower.
- Officials say any use of bitcoin will prioritize capital preservation, transparency and long-term stewardship.
Top Stories
