June 22 (Cointime) - Gary Gensler, the chairman of the SEC, faces the challenge of regulating the cryptocurrency industry while balancing investor protection and innovation.

To achieve this, Gensler should adopt a balanced regulatory approach that collaborates with industry experts, provide clear regulatory guidelines, ensure regulations are proportional to risks, implement regulatory sandboxes, engage in global cooperation, and focus on educating investors and the public.

By striking the right balance, Gensler and the SEC can create a regulatory framework that supports responsible innovation, attracts investment firms, and benefits all stakeholders. This is not trading or investment advice, and research should always be done before investing in any cryptocurrency or services.