Gary Gensler Under Fire for Handling of Crypto Regulation U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is facing increasing criticism over his approach to crypto regulation, warning that the industry will not survive without robust investor protections. In a recent interview with CNBC’s Squawk Box, Gensler doubled down on the need for clear disclosures within the crypto space, pointing to the market turmoil of 2022, when major firms like FTX, Three Arrows Capital, Celsius, and Genesis collapsed.