Gary Gensler thinks crypto is part of their remit: > The SEC has a three-part mission — to protect investors, facilitate capital formation, and maintain fair,

Gary Gensler thinks crypto is part of their remit: > The SEC has a three-part mission — to protect investors, facilitate capital formation, and maintain fair, orderly, and efficient markets in between them. We focus on financial stability as well. But at our core, we’re about investor protection. > If you want to invest in a digital, scarce, speculative store of value, that’s fine. Good-faith actors have been speculating on the value of gold and silver for thousands of years. > Right now, we just don’t have enough investor protection in crypto. Frankly, at this time, it’s more like the Wild West. >This asset class is rife with fraud, scams, and abuse in certain applications. There’s a great deal of hype and spin about how crypto assets work. In many cases, investors aren’t able to get rigorous, balanced, and complete information. >If we don’t address these issues, I worry a lot of people will be hurt. (taken from one of Matt Levine's emails talking about the SEC and Crypto)