Gary Gensler actually said...

part of that cost is so that the taxpayers do not have to bear as great a risk to bail out financial institutions in the future.

Gensler explains the financial industry's costs to protect taxpayers from future bailouts.

04/11/2011

More Gary Gensler Quotes

I am an optimist. I think technology can solve for this.

It is really about knowing all the accounts.

Register the exchanges and cops on the beat.

Some of that concentration is because it is the large exchanges, the crypto-exchanges, like Coin Base has 20 million accounts.