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The public benefit of crypto regulation according to SEC Chair Gary Gensler

U.S. Securities and Exchange Commission Chair Gary Gensler joined Yahoo Finance Live on July 14, 2022 to discuss crypto regulation and basic protections for the public.

Video Transcript

GARY GENSLER: The public benefits by knowing full and fair disclosure and that somebody not lying to them. You know, basic protections. And whether you're buying a crypto token or you're buying a security such as equities or a securities such as an asset-backed security-- those basic disclosures, because we in America let investors take risk-- you get to decide what risk you want to take. But the person raising the money and selling you those financial assets ought to not defraud you, ought to give you the information so you can make your decisions. But the public is not protected largely because of the non-compliance in this space.

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