Gensler Slams Crypto Ahead of His Exit
With just days left until his exit from the U.S. Securities and Exchange Commission (SEC), Chair Gary Gensler once again took aim at the cryptocurrency industry, arguing that it is “rife” with bad actors.
Gensler pointed to the fact that public knows a lot about Bitcoin, which accounts for 80% of the market value.
However, there are also thousands of projects that lack fundamentals, according to the SEC boss.
“And then there’s everything else…These 10,000 or 15,000 projects… I’ve never seen a field that’s so much wrapped up in sentiment and not so much about fundamentals,” he said.
Gensler has predicted that many of them will not survive,…
