Defense of crypto stance
Gensler offered a full-throated defense of his approach to crypto.

Gensler repeated his assertion that while bitcoin is not a security, the SEC's focus "has been on some of the 10,000 or so other digital assets, many of which courts have ruled were offered or sold as securities" and are therefore subject to the SEC's purview.

He again asserted anyone offering to sell securities needs to register, and that intermediaries such as broker-dealers, exchanges and clearinghouses also need to be registered.