Just-In: Gary Gensler Says a lot of crypto assets qualify as Security

Gary Gensler, the newly appointed chief of the US Security and Exchange Commission recently appeared on CNBC to talk about various aspects of his regulatory policies in the coming time including cryptocurrencies. During the interview, Gensler said that the current crypto market requires a regulatory overhaul especially considering a majority of the cryptocurrencies qualify as a security. Thus, the onus falls on the regulatory body to ensure investor protection.