Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), expressed his deep concern about the prevalence of fraudulent activities within the crypto market. In a recent interview with Bloomberg on Thursday, Gensler pointed out that the crypto market is filled with fraud and deceitful individuals looking to take advantage of unsuspecting investors. While he acknowledged the presence of reputable participants, he emphasized that the number of bad actors is alarmingly high.
Gensler highlighted that the challenges faced by investors in the crypto industry go beyond its speculative nature. He warned that despite certain cryptocurrencies being subject to securities laws, investors should not assume that they are automatically protected by these regulations. This cautionary statement underscores the need for greater
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First found on: Gary Gensler Believes Crypto Investors Are at Risk
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