Test Your Knowledge
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1. What has been a major focus of Gary Gensler's leadership at the SEC?
A) Expanding cryptocurrency exchanges' market reach
B) Promoting cryptocurrency as a primary asset class
C) Enforcing stricter cryptocurrency market regulations to protect investors
D) Encouraging unregulated growth in the crypto space
2. What was one of the challenges Gensler faced in regulating the cryptocurrency market?
A) Support from the crypto community for stricter regulations
B) Difficulty in enforcing compliance across international borders
C) Lack of understanding of cryptocurrency technology
D) Universal agreement on cryptocurrency classification
3. What is one of the criticisms against Gensler's approach to cryptocurrency regulation?
A) It encourages cryptocurrency innovation
B) It promotes decentralized market operations
C) It stifles innovation and potentially pushes crypto activity offshore
D) It eliminates the need for global cooperation in regulation