Gary Gensler actually said...

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.

To some extent it is not surprising, because most small economics ends up with some centralization.

On top of that, rigorously require crypto-exchanges to register, and you may need to pass a law to do that, but to make sure they register a...