Gary Gensler

Joe, it's good to be back and good to be with all of your viewers.

But no, I'm not participating in that market.

Look, I think it's a risk asset.

And the American public and the worldwide public has been fascinated with cryptocurrencies.

But it's a highly speculative, volatile asset.

And putting aside Bitcoin for a minute, all the thousands of other tokens.

Not the stable coins that are backed by U.S.

dollars, but all the thousands of other tokens.

You have to ask yourself, what's the fundamentals?

What's underlying it?

You don't get a dividend.

You don't get usual returns.

And so the investing public just needs to be aware of those risks in this highly volatile space.

No, I don't think so.

I mean, it's about our capital markets.

The U.S.

have the greatest capital markets and they benefit from common sense rules of the road.

When you buy and sell a stock or a bond, you want to get various information and you want to know that you're getting the same treatment as the big investors.

That's the fairness in these capital markets that are so important.

Well, ever since antiquity, finance goes towards centralization.