Jim Cramer's Gary Gensler Takeaways: There Is No Free Lunch

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Following an interview with Securities and Exchange Commission chair Gary Gensler on CNBC’s Squawk on The Street, Jim Cramer shared his top takeaways with TheStreet Live.

“The overarching theme of chairman Gensler was 'we [the SEC] have a lot of problems that aren’t going to be cured by disclosure,'” Jim Cramer said. “What is a stablecoin or Tether? We don’t really know.” 

On the subject of payment for order flow, Cramer said that Gensler has come to the conclusion that "there is no free lunch," when discussing trading platforms including Robinhood. 

Catch Cramer's full recap of the interview in the video above. 

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