Internet reports that US SEC Commissioner Caroline A. "Any discussion of crypto transactions quickly reveals the huge complexity and unique nature of these transactions," Crenshaw said at the Second Cryptocurrency Roundtable. She noted,"Investors are not aware that their crypto assets may be held in wallets that are individually controlled by the exchange. In bankruptcy proceedings, crypto assets in custody will be regarded as the property of the exchange. Their investments are not covered by FDIC or SIPC insurance." She emphasized that "these unmitigated risks pose a greater threat to the orderly operation of the crypto market and even to the banking system and traditional finance."