Gary Gensler once again urged crypto exchage to comply with regulations, reiterating that most tokens may be securities

Odaily Planet Daily Report: In the annual securities law conference on Thursday, the current Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, once again urged cryptocurrency exchanges to comply with regulations and required projects selling securities to make appropriate disclosures. He stated that among the current 10,000 circulating digital assets, except for , and stablecoins, the majority are likely to fall under the category of securities. The total value of these potential securities-like assets in the crypto market is around $600 billion, accounting for less than 0.25% of the global capital market. Gary Gensler's remarks came a week after Trump's election as president, who had previously stated that he would fire him upon taking office. Gary Gensler may resign as chairman at the end of his term, but may choose to remain as an SEC commissioner. (The Block)