Crypto is ‘rife with bad actors’
SEC Chairman Gary Gensler reiterated his long-standing critique of the cryptocurrency industry, calling it “rife with bad actors” during a Bloomberg TV interview on Wednesday.
Reflecting on his tenure, Gensler said he was proud of the SEC’s enforcement actions in the crypto space, noting their consistency over the years.
Gensler highlighted the foundation laid by his predecessor, Jay Clayton, who spearheaded 80 crypto-related enforcement actions from 2017 to 2020. During Gensler’s four-year leadership, the SEC initiated approximately 100 actions, maintaining a steady approach to tackling fraud and misconduct in the rapidly evolving sector.
Crypto is less than 1% of U.S. financial markets, yet it’s…
