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Departing SEC Chair Warns of Bad Actors in Crypto Market
Departing SEC Chair Warns of Bad Actors in Crypto Market
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Gary Gensler, the outgoing chair of the U.S. Securities and Exchange Commission (SEC), has issued a warning about the prevalence of bad actors in the cryptocurrency market. In a January 8 interview with Bloomberg TV, Gensler highlighted the challenges posed by the digital asset industry, which, despite its relatively small size compared to the broader U.S. capital markets, has drawn significant regulatory scrutiny. During his tenure, Gensler oversaw 100 enforcement actions related to cryptocurrencies, building on the 80 actions initiated by his predecessor, Jay Clayton. Gensler emphasized the need for continued vigilance and compliance in the crypto space to protect investors and maintain market integrity.
