Gary Gensler has described the cryptocurrency market as “rife with bad actors.”

The top financial cop made the remarks in a January 8 interview with Bloomberg TV, in which he discussed the enforcement actions under his leadership and addressed persistent compliance issues in the crypto space.

A Tenure Marked by Crypto Scrutiny

In the sit-down with David Gura, the 67-year-old, who is due to depart the U.S. Securities and Exchange Commission (SEC) in about a week, outlined the challenges posed by the digital asset industry, which, despite making up less than 1% of the $120 trillion U.S. capital markets, has attracted significant attention from regulators and the public.

Since taking office, Gensler has overseen 100…