SEC Seeing 'Lots' of Crypto Non-Compliance, Says Gensler

The transcript discusses the challenges in the crypto industry, focusing on the lack of clarity and non-compliance with existing regulations. It highlights the need for a balance between regulation and enforcement, and the importance of explicit guidelines to protect the public. The SEC's role in ensuring compliance and the necessity of trust in the industry are emphasized, along with the existing laws that provide public protections.

What is the significance of having explicit guidelines for crypto regulations?

In what ways does the SEC intend to protect the public in the context of crypto trading and lending platforms?