SEC Chairman Gary Gensler is facing backlash from the crypto industry over the lack of regulations provided by the United States Securities and Exchange Commission (SEC). In a recent interview, Gensler discussed the rampant non-compliance and lack of adherence to securities laws in the crypto space. He emphasized the need for these laws to protect investors from fraud and bad actors. However, his comments have not been well-received by investors, including Dogecoin founder Billy Markus, who criticized Gensler for not providing clear rules and called him useless. Ripple CEO Brad Garlinghouse also accused Gensler of hypocrisy. The crypto industry continues to demand clearer regulations to govern their operations.
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| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Billy Markus, Brad Garlinghouse, Gary Gensler |
| Companies | Dogecoin, United States Securities and Exchange Commission (SEC), X (formerly Twitter), Ripple |
| Currencies | None |
| Securities | None |
