During a keynote speech at the 27th annual Financial Markets Conference, Securities and Exchange Commission chairman Gary Gensler pushed back on criticism that the SEC has not provided useful guidance for crypto companies looking to remain in compliance with federal law. While Gensler barely touched upon the digital assets market, moderator Tom Barkin brought up the subject, asking about the SEC’s ongoing court case with Coinbase, as well as whether Gensler thought the agency had fallen behind on enforcement with cryptocurrencies. Gensler reminded the public how cryptocurrency companies are building fraudulent business models and insisted that they also need to adhere to the rules. The European Union has been working hard to usher in a new set of rules for the crypto industry, while U.S. regulators like Gensler insist that current regulations are enough.