Gary Gensler Takes a Shot at Crypto, Says Market is Built on 99% Sentiments — TradingView News
Despite stepping down as a key regulatory official, Gary Gensler has continued to comment on the state of the crypto market and has more recently reiterated his doubts about the foundation of the crypto market dynamics.
The former Chairman of the U.S. Securities and Exchange Commission has maintained that the cryptocurrency industry fundamentally lacks the tools necessary to carry out unbiased market analysis and research.
In a recent interview with CNBC, Gensler explained that the sentiments of market participants largely drive the crypto market. His outlook mirrors the skepticism of crypto critics who are convinced that the crypto market is a temporary bubble.
Notably, Gensler’s assertions were a response to being questioned about…
