Tag: Gary Gensler crypto fraud

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SEC Chair: Crypto Is a Field Rife With Fraud, Abuse, Misconduct — ‘It’s Daunting’

September 14, 2023

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the Senate Banking Committee, stating that crypto is “a field which is rife with fraud, abuse, and misconduct.” He also stated that the securities regulator is still reviewing applications for spot bitcoin exchange-traded funds (ETFs). Gary Gensler’s Testimony Before Senate Committee The chairman of…
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SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’

July 30, 2023

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds and trade against their customers. Gary Gensler Says Crypto Field Rife…
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