When asked about the SEC's approach to regulation, Gensler highlighted the agency's involvement in rule-making initiatives concerning brokerage dealers, exchanges, and the protection of safe custody. This indicates that the SEC is actively engaged in developing and implementing more defined regulatory frameworks for different areas of the cryptocurrency industry. In recent months, the SEC has targeted major cryptocurrency companies like Binance and Coinbase, accusing them of failing to register with the agency. Additionally, Binance has been accused of providing false information to customers. " So what's next? We're going to continue to try to bring firms that may not be into compliance into compliance without prejudging any one of them and trying to ensure that we protect the investing public," Gensler said.