• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Departing SEC Chair Warns of Bad Actors in Crypto Market

user avatar

by Giorgi Kostiuk

3 months ago


Gary Gensler, SEC Chair, in an interview with Bloomberg TV, discussed compliance issues in the crypto space and enforcement actions.

Gensler's Tenure: Scrutiny on Cryptocurrencies

Gary Gensler, about to leave SEC, outlined the challenges posed by the digital asset industry. Since taking office, he has overseen 100 enforcement actions targeting fraud and non-compliance with securities laws. According to him, most digital currencies meet the criteria for securities and should be regulated accordingly. “The crypto market is rife with bad actors,” Gensler stated.

Debunking the “Anti-Crypto” Label

Gensler faced criticism for his approach to the crypto industry. However, he rejected the anti-crypto label, referencing his academic background at MIT, where he studied and taught blockchain technology. “My role as SEC Chair is to ensure investor protection and market integrity,” he explained.

Investor Protection and Market Integrity

Gensler emphasized that his main goal is investor protection and maintaining market integrity. He noted that many crypto projects risk investors by operating outside legal bounds and relying more on market sentiment than fundamentals.

Defending his actions as SEC Chair, Gensler stressed the importance of crypto regulation for investor protection and market integrity.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

7 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

7 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

8 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

8 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

9 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

15 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.