Gary Gensler warns most crypto projects, including XRP, face failure due to regulatory challenges
10th January 2025 – (New York) In recent statements, outgoing SEC Chair Gary Gensler has expressed strong concerns that numerous cryptocurrency projects are likely to fail, citing a prevalence of bad actors within the industry. As he prepares to step down from his position on 20th January, Gensler reiterated his critical stance on the crypto sector, emphasising the need for increased regulation of altcoins and intermediaries.
In an exclusive interview with David Gura on Bloomberg Markets, Gensler highlighted the progress made by the SEC during his tenure, particularly in addressing issues raised by past chair Jay Clayton, who initiated the legal case against Ripple for alleged…
