Odaily News Coinbase Chief Legal Officer Paul Grewal recently called out to U.S. SEC Chairman Gary Gensler on Platform X, asking him to stop mischaracterizing crypto tokens as securities. After sending a Wells notice to Robinhood, Gensler said that many cryptocurrencies are securities under the law, but investors have not received the required or needed disclosures. In response to this remark, Grewal said: "Please stop misleading the market-tokens are not securities. No matter how they argue, your lawyers have admitted this in court." Gensler recently emphasized that although cryptocurrencies only account for a small part of the entire financial market, they disproportionately contribute to fraud and fraud due to non-compliance with securities laws. He also emphasized the need for proper disclosure in the crypto field, especially in terms of tokens classified as securities, and believes that investors have not received adequate disclosure of information. (Bitcoin.com)