According to the Golden Ten report, U.S. Treasury Secretary Yellen said that the world is facing serious economic challenges, and the cryptocurrency market has suffered a huge "hit" this year. The rules of the currency matter, and the turmoil in the cryptocurrency market underscores the importance of taking action, with digital assets the focus of the U.S. Financial Stability Oversight Council (FSOC) this year. In addition, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), said that the cryptocurrency market is basically a "non-compliant" market.