What Does SEC Chief's Refusal to Comment on Ethereum's Security Status Signify?

Gary Gensler, the head of the US Securities and Exchange Commission (SEC) recently appeared on CNBC to talk about crypto regulations and how the commission plans to implement rules around the decentralized market. Gensler said regulations would make crypto more accessible and increase its adoption. He also drew an analogy to the automobile industry explaining how government regulations made it safer for people to drive automobiles and increased their adoption.