SEC Chairman Gary Gensler delivered a speech at the Piper Sandler Global Exchanges and Fintech Conference on June 8, where he reiterated the importance of regulation, from the signing of the Securities Act to the Howey Test, and listed a series of enforcement actions by the SEC against the cryptocurrency market, emphasizing that the crypto securities market should not undermine public trust in capital markets.

The fact is this: even if Satoshi Nakamoto's identity is unknown, the regulations governing encryption are clear.