SEC Chairman Gary Gensler Says Crypto Markets 'Could Use Some Sanitizer'

The cryptocurrency market could use some “sanitizer,” Securities and Exchange Commission Chairman Gary Gensler said in his latest analysis of the industry.

During a speech Friday at the Columbia Law School conference, Gensler spoke about the need and benefits of disclosure generally in financial markets, such as on climate and cyber risks. Gensler said disclosures provide more efficient markets and ultimately protect investors.

“There are participants in the crypto securities markets seeking to avoid these registration requirements,” Gensler said in his prepared remarks. "No registration means no mandatory disclosure. Many would agree that the crypto markets could use a little disinfectant."