Wall Street's top cop is determined to bring crypto to heel. He just took a big shot

Securities and Exchange Commission Chair Gary Gensler listens during a meeting of top financial regulators at the U.S. Treasury Department on Oct. 3, 2022, in Washington, D.C. The SEC's lawsuit against crypto exchanges Binance and Coinbase this week are intended to bring both under the regulatory purview of the agency. (Anna Moneymaker/Getty Images)

Since Gary Gensler became Wall Street's top cop two years ago, his message to cryptocurrency companies has been consistent: He would do all it takes to tame a world he likens to "the Wild West."

This week, he delivered on that threat, big time.