In sheer contrast to the market perception, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler reiterated that laws around digital asset activities in the US are clear. He explained the various proposals the regulatory agency brought in to achieve the goal of investor protection. Gensler went on to say that the SEC has the enforcement ‘tool’ to root out non-compliant crypto market players. However, the crypto community came out strongly against him, calling the statements ‘misleading’.