Gary Gensler

this is going to take 2, 3, 4 years before the SEC really cleans up this space, can they go faster, can we do it right, but it is going to take some time.

But it is important for us to be vigilant and make sure that we are targeting bad actors and making sure there are appropriate guardrails in place, and that we have an efficient, effective regulatory framework in place and look forward to…

If they had determined that way back in 2015, at the time they would have had to give some full and fair disclosure.

This new technology could lower costs and risks in the financial sector.

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

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 and that all the AML, anti-money laundering and know your customer is being done there.

The Bank of China particularly is looking at it very closely because they are worried.

Register the exchanges and cops on the beat.

To reach its potential, I feel strongly that for public confidence to reach its potential, we need to bring it inside the world that we know.

Blockchain technology, I believe, has a real potential to transform the world of finance because it is about money.

It is not a nanny government. The investors can take the risk as long as they get enough information.

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

To the extent something is a security, we should regulate it as a security.

There are very few, there's none that I've seen, tokens that aren't securities.

I think it is important, one, because 8 million people lost their jobs.

I think Congress was quite clear that we were to do these rules.

I think it will protect consumers, but also we are, by the nature of our agency, not somebody that has examiners on site.

The CFTC is not the right size for its new and expanded mission Congress has directed it to perform.

I believe that we should finish this guidance and can finish this guidance by July 12.

It is critical that we be resourced to promote transparency in these markets and to help protect the economy and taxpayers from risks posed by these markets.

We cannot effectively ensure for the transparency and the integrity of the markets at significantly fewer people than we have now.

You can't do your job if you can't get your request; is that basically it?

Technology is just a tool.

I just think this agency is no longer right-sized to the mission that we got.

Oral tape recordings are very important to our oversight of markets.