U.S. SEC chair Gensler reaffirms crypto exchanges must register as leadership term nears end

U.S. SEC Chair Gary Gensler reiterated the need for crypto exchanges to register and for securities sellers to make proper disclosures, as his term may be nearing its end, according to The Block. Speaking at the Practicing Law Institute, Gensler noted that most of the 10,000 digital assets in circulation are securities, with non-Bitcoin, Ethereum and stablecoins comprising $600 billion—under 20% of the crypto market and 0.25% of global capital markets. Following Trump’s election, Gensler may step down, though he expressed pride in serving alongside SEC colleagues working to protect U.S. investors.