Posted 3/8/2024, 5:40:48 PM
Crypto Market Rife With Fraud, SEC Chief Gensler Warns
- Crypto market has issues with fraud and abuse according to SEC Chair Gensler
- Gensler does not think the crypto market is as decentralized as portrayed
- There are intermediaries in crypto that put investors at risk through things like trading against them and commingling funds
- Recent crypto company bankruptcies show investors did not get proper disclosures
- Gensler avoids prejudging any specific ETF filings for Ether or other cryptos