Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has expressed his strong stance on cryptocurrencies, emphasizing that most digital assets should be classified as securities. This indicates that the SEC will be increasing its scrutiny and regulation of the crypto industry. Gensler’s remarks highlight the growing concerns surrounding the lack of investor protection and potential risks associated with cryptocurrencies. The SEC’s heightened focus on crypto is expected to have significant implications for the industry moving forward.
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