Gensler is back from regulatory purgatory to attack crypto
Gary Gensler, the former SEC chairman, who is mainly known as a villain in the crypto community, is back to give explanations on his governance. However, those who were waiting for an apology met a big surprise when the former regulatory chief’s tone implied that “I am proud of what we did.”
In an interview, Gensler said that he does not regret his actions and that, apart from Bitcoin most of the crypto tokens lack fundamentals. According to him his efforts were all directed to save investors from the dangerous coins.
He said, “For everyday investors, the 5% to 10% of Americans who invest in crypto, it’s a highly speculative, very risky asset,” he said, noting that most tokens trade on “momentum” and “frankly…
