Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has once again taken a firm stance on the future of cryptocurrency.

In a recent statement, Gensler claimed that “the field” of crypto will not last without strict regulation. His message signals that the majority of crypto projects may soon be scrutinized in a official capacity as securities, potentially putting many tokens at risk of regulatory action.

The statement has caused ripples across the crypto market, where investors are watching closely to see which tokens fall under the SEC’s expanding radar.

Gensler’s remarks highlight that the SEC believes many digital assets in the crypto sphere are, in fact, unregistered securities. The SEC has consistently held the position that if an asset passes the Howey Test, it should be regulated as a security.

Gensler’s words serve as a reminder that the sector’s future hinges on compliance. This warning arrives as major exchanges brace for potential legal battles with regulators over the classification of various tokens.

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