Internet reports, FinanceFeeds reports that SEC Commissioner Carolyn A. Crenshaw expressed serious concerns about the lack of basic protections for retail investors at the latest cryptocurrency working group roundtable. She pointed out that most crypto trading platforms are not registered with any regulatory agency and integrate brokerage, clearing and custody functions within a single entity, in sharp contrast to traditional financial markets where these functions are separated to avoid conflicts of interest. Crenshaw emphasized that there is a serious disconnect between investors 'expectations for the protection of their crypto assets and reality-many people don't understand that crypto assets are considered exchange property when the exchange goes bankrupt, nor do they know that these investments are not covered by FDIC or SIPC insurance.