US SEC Chairman: Cryptocurrency investors have not received the appropriate disclosure they deserve

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), discussed topics such as cryptocurrency in an interview with CNBC on Tuesday. Gensler stated that we regulate a $110 trillion capital market, about half of which is the stock market. The other half consists of bond markets and other markets, with cryptocurrency being only a small part of our entire market. However, it constitutes a significant portion of frauds, scams and issues in our market because much content in this field does not comply with our securities law protections. Gensler also emphasized that cryptocurrency investors have not received proper disclosures they deserve; our compensation is based on performance neutrality principle too. As long as investors receive complete, fair, comprehensive and truthful information, they can make decisions - something they are not getting from cryptocurrencies. Gensler reiterated that if these are crypto securities then it's mandatory.