U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says widespread noncompliance among cryptocurrency companies is costing investors. What Happened: “There is a lot of noncompliance,” Gensler emphasized in a recent interview with CNBC. “This is really the Wild West.” Gensler explained that companies aren’t in adherence to securities laws designed to protect investors from fraud and manipulation. The trend isn’t exclusive to the U.S., he added, but rather a pervasive trend across the global crypto sphere. “When so many people have been hurt,” Gensler stated, “all they can do is th…

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