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  1. 1. What are these cryptocurrencies?
  2. 2. Bitcoin - the story of a technological revolution
  3. 3. Satoshi Nakamoto, who is the creator of Bitcoin?
  4. 4. Vitaly Buterin – the creator of Ethereum
  5. 5. What is blockchain, and how does it work?
  6. 6. What is an NFT token?
  7. 7. What is money?
  8. 8. Cryptocurrencies vs fiat money, which will win?
  9. 9. What is DeFi (Decentralized Finance)?
  10. 10. DeFi: opportunities, advantages and disadvantages of decentralized finance
  11. 11. What is an altcoin?
  12. 12. Stablecoins - What are they?
  13. 13. Cryptocurrency wallet - what is it?
  14. 14. Why do we talk about bull and bear markets?
  15. 15. Security in the crypto market - what rules are worth following?
  16. 16. What is the seed phrase in cryptocurrencies?
  17. 17. Dogecoin and memecoin - what are they?
  18. 18. What is a Ponzi scheme?
  19. 19. What is a Soft and Hard Fork?
  20. 20. Blockchain - examples of use
  21. 21. Is blockchain safe?
  22. 22. What are the types of blockchain networks?
  23. 23. What is blockchain network congestion, and how does it work?
  24. 24. Cryptocurrency wallets: Hot Wallet vs. Cold Wallet - key differences!
  25. 25. Cryptocurrency wallet diversification
  26. 26. Halving Bitcoin - what is it, and how does it affect the price?
  27. 27. Blockchain versus databases: key differences!
  28. 28. How do you transfer cryptocurrencies?
  29. 29. The most important cryptocurrency acronyms/slang you need to know!
  30. 30. The memecoin story: madness or great investment?
  31. 31. What is Ethereum? 
  32. 32. Everything you need to know about gas fees in Ethereum!
  33. 33. Gavin Wood: Blockchain Visionary and Co-Founder of Ethereum
  34. 34. Decentralized Apps – what are they?
  35. 35. What is Proof of Work (PoW) and what is Proof of Stake (PoS)?
  36. 36. What is the Proof of Authority (PoA) consensus mechanism?
  37. 37. What is Proof of Burn (PoB)?
  38. 38. What is a whitepaper? What is its purpose, and how do you write it?
  39. 39. Smart Contracts - what are they?
  40. 40. Know your customer (KYC) and Anti-money laundering (AML) what are they in the cryptocurrency industry?
  41. 41. Blockchain and NFT games - how to make money on them?
  42. 42. Liquidity in the cryptocurrency market
  43. 43. Inflation and its effects on financial markets
  44. 44. What is stagflation and why does it have a negative impact on the market?
  45. 45. What are utility tokens and what use do they have in the cryptocurrency sector?
  46. 46. What is cryptocurrency mining?
  47. 47. What is the mining difficulty?
  48. 48. What is compound interest, and how does it work?
  49. 49. What Are Privacy Coins and Are They Legal?
  50. 50. What is CBDC - central bank digital money?
  51. 51. What is Cryptocurrency Airdrop all about?
  52. 52. Key differences between ICO, IEO and STO
  53. 53. What are decentralized DAO organizations, and how do they work? What are DAO tokens?
  54. 54. What is EURT? How does it work?
  55. 55. What is the difference between Circulating Supply and Total Supply?
  56. 56. Snapshot from the world of cryptocurrencies - what is it?
  57. 57. What is the Fear and Greed index for cryptocurrencies?
  58. 58. APR versus APY: what is the difference?
  59. 59. What is an Initial Farming Offer (IFO)?
  60. 60. What is Regenerative Finance (ReFi)?
  61. 61. Who Is Craig Wright, the Alleged Creator of Bitcoin?
  62. 62. What Is Bitcoin (BTC.D) Dominance?
  63. 63. Michael Saylor, Self-Proclaimed Bitcoin Maximalist
  64. 64. Bitcoin Pizza Day
  65. 65. AI blockchain - a new look into the future?
  66. 66. What is WorldCoin? Everything you need to know about this cryptocurrency!
  67. 67. Azuki NFT collection guide: everything you need to know about it!
  68. 68. The 10 most expensive non-fungible tokens (NFTs) ever!
  69. 69. The Bored Ape Yacht Club (BAYC) - the story of the popular NFT collection!
  70. 70. CyberPunks - the story of the most popular NFT collection in the crypto industry!
  71. 71. NFT Art: The digital art revolution - history and examples!
  72. 72. Who is Changpeng Zhao, CEO of Binance?
  73. 73. Who is Brian Armstrong - CEO of Coinbase?
  74. 74. Who is Galy Gensler and the SEC? How does the Securities and Exchange Commission (SEC) affect the cryptocurrency market?
  75. 75. Web3's most popular social media platforms! Will they replace the platforms we know?
  76. 76. What is IoT - the Internet of Things?
  77. 77. On-chain analysis in the cryptocurrency world: Everything you need to know about It
  78. 78. Can you pass on your cryptocurrencies after death? How do you pass on a cryptocurrency inheritance?
  79. 79. What is the Howey test? What application does it have in cryptocurrencies?
  80. 80. The use of blockchain technology in the world of sport
Lesson 74 of 80
In Progress

74. Who is Galy Gensler and the SEC? How does the Securities and Exchange Commission (SEC) affect the cryptocurrency market?

Gary Gensler is a figure who has become very prominent in the cryptocurrency world in recent years. In 2021, he was appointed chairman of the Securities and Exchange Commission (SEC) in the United States. His appointment has attracted much controversy and interest from the cryptocurrency community, as Gensler has extensive experience in finance and technology, as well as a clear stance on cryptocurrency market regulation, not always in line with crypto investors. In this article, we take a closer look at Gary Gensler, his role at the SEC, and the agency’s impact on the cryptocurrency market.

Who is Gary Gensler?

Gary Gensler is an American economist and public official who was born on October 18, 1957, in Baltimore, Maryland. He graduated from the Massachusetts Institute of Technology (MIT) with a degree in economics and from Harvard Law School, where he earned a law degree. His professional career is impressive and includes both public and private sector work.

From 2009 to 2014, Gary Gensler served as chairman of the Commodity Futures Trading Commission (CFTC), the federal agency responsible for regulating the commodity futures market. During his tenure at the CFTC, he played an important role in regulating the cryptocurrency market, introducing, among other things, definitions of cryptocurrency-related financial instruments and overseeing their trading.

After leaving the CFTC, Gensler also worked in education and academic research. He taught at MIT and the Massachusetts Institute of Technology Sloan School of Management, where he directed a research program on blockchain and cryptocurrencies. 

In 2021, he was appointed chairman of the SEC, marking his return to the federal government and a new challenge of regulating the securities market and cryptocurrencies.

Securities and Exchange Commission (SEC) – definition

The Securities and Exchange Commission (SEC) is the federal government agency responsible for overseeing the financial market in the United States. Its main purpose is to protect investors, ensure market transparency, and enforce securities trading regulations. The SEC is hugely influential in shaping financial market standards and regulation, and its decisions have a global impact on the financial market as well as the cryptocurrency market.

How are the Commission’s rules changing the cryptocurrency market?

The cryptocurrency market, although still relatively young, has become an area of great interest to both investors and regulators. The evolution of the cryptocurrency market, which has moved from an unregulated area to an increasingly supervised sector, poses many challenges for the SEC

Soon after taking up his post, Gary Gensler began to make clear the need for better regulation of the cryptocurrency market. He often emphasizes that cryptocurrencies and blockchain represent innovative technologies but, at the same time, can pose a threat to investors and financial market stability. His actions and announcements have provoked contentious reactions in the cryptocurrency community, especially among advocates of minimal government interference.

Gensler also stresses that there is a need for clearer regulations governing the cryptocurrency market, including registration requirements for cryptocurrency exchanges and token issuers. His position suggests that the SEC may tighten its scrutiny of the cryptocurrency market in the future. 

However, it should not be forgotten that regulation in the case of cryptocurrencies poses a difficult challenge because the market is global and many traders operate internationally. The actions of the SEC, therefore, have an impact on the entire global cryptocurrency community.

It is worth noting that regulation of the cryptocurrency market by the SEC involves complex issues, including for investors, businesses, and even the public. Here is what the SEC deals with in theory and practice:

Investor protection:

  1. The task of the SEC is to prevent fraud. The cryptocurrency market, which is relatively young, is associated with a number of frauds and scams. Enforcement by the SEC is intended to prevent these. 
  2. By embracing the cryptocurrency market with clear regulations, the SEC wants to ensure that exchanges of digital assets and others provide investors with more accurate and detailed information, enabling more informed decisions.

Market integrity:

  1. Tackling price manipulation: The actions and oversight of the SEC could help curb manipulative practices to ensure fair and integral pricing of the assets concerned. 
  2. Oversight by the Commission of the cryptocurrency market, particularly in terms of unusual activity, could help maintain the full integrity of the market and increase investor confidence.

Legality of digital assets:

  1. Regulation by the Securities and Exchange Commission (SEC) could legitimize cryptocurrency companies. Such measures would attract traditional investors and institutions. This, in turn, would lead to greater adoption of digital assets. 
  2. By creating clear regulations, the SEC has the opportunity to ensure the long-term stability of the crypto market and influence its development. 
  3. Moreover, the main activity of the SEC is the prevention of money laundering and terrorist financing.

Clear regulations:

  1. The actions of the SEC could also help to define clear boundaries between traditional securities and crypto assets. This would provide clarity for traders and investors. 
  2. And once again, standardization. Establishing compliant and common rules for all will help cryptocurrency businesses to comply and will also reduce legal uncertainty. 
  3. When leaning into digital assets, the SEC must not forget international cooperation. By working with other entities, the SEC could help address global cryptocurrency challenges.


Gary Gensler and the Securities and Exchange Commission (SEC) play a significant role in the regulation of the cryptocurrency market. His background in finance and technology, as well as his stance on the need for regulation, is generating much controversy and interest from the cryptocurrency community. 

As the digital asset market becomes increasingly important, the actions of the SEC, led by Gensler, could have global implications. Investors, entrepreneurs, and cryptocurrency advocates are eagerly watching the evolving regulatory process, which will have a significant impact on the future of the cryptocurrency market.

Complete today’s lesson!

  1. What are these cryptocurrencies?
  2. Cryptocurrency wallets – what are they?
  3. Security in the crypto market – what rules are worth following?