Current US SEC Chairman Gary Gensler once again urged crypto exchanges to comply with regulations

Odaily News Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), once again urged cryptocurrency exchanges to comply with regulations and require proper disclosures from projects selling securities at the annual meeting on securities regulations on Thursday. Gensler said that of the approximately 10,000 digital assets currently in circulation, most of them, except for Bitcoin, Ethereum and stablecoins, may fall into the category of securities. He pointed out that the total value of these possible securities assets in the crypto market is about $600 billion, accounting for less than 0.25% of the global capital market. Gensler's remarks came just a week after Trump was elected president. Trump had previously stated that he would fire Gensler after taking office. Gensler may resign after his term as chairman ends, or he may choose to continue to serve as an SEC commissioner. Gensler also said that it is a great honor to serve the U.S. capital market, and he is proud of his efforts to protect American investors with his colleagues in the SEC.