Gary Gensler: We’re handling crypto in the best way to protect investors

SEC Chair Gary Gensler joins “Squawk on the Street” to explain his position on cryptocurrencies.
Securities and Exchange Commission Chairman Gary Gensler assured lawmakers that Wall Street’s top regulator is working overtime to create a set of rules to oversee the volatile cryptocurrency markets while balancing the interests of American innovators.
Gensler told the Senate Banking Committee that he and his team are trying to protect investors through better regulation of the thousands of new digital assets and coins, as well as oversight of the more-familiar BitcoinBitcoinbitcoin (BTC)1$ 60,968.470.18%1h-6.01%24h-15.89%7ddetails and ether markets.

Stablecoins Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.Learn more are a type of cryptocurrency linked one-for-one to dollars or other traditional currencies and, as such, tend to be less volatile than their peers in the asset class.