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US Securities and Exchange Commission (SEC) chair , Gary Gensler, is concerned about the pervasive fraud and regulatory non -compliance in crypto . In a recent Bloomberg interview, Gary Gensler aired his concerns about the risks associated with crypto investments. His comments come on the back of an impactful court decision related to XRP’s status as a security, which ran contrary to the commission’s viewpoint. Bloomberg TV just interviewed Gary Gensler regarding the Ripple case!! #XRPCommunity #XRPArmy pic.twitter.com/imRmf9uOvf — Ingrid (@IBcroc) July 27, 2023 During the interview, the SEC chair expressed concerns about the crypto market, highlighting the prevalence of fraud and individuals trying to deceive others. He also emphasized that the speculative nature of the industry is not the sole challenge for investors. Instead, he urged investors to remain vigilant and not assume that they will be fully safeguarded under existing securities law. Followin...

In a recent CNBC interview, former SEC Chair Jay Clayton discussed the changing regulatory environment surrounding bitcoin ETFs, stating that it would be challenging to resist approving them. Clayton explained that institutions are arguing that the distinctions between spot and futures products have diminished, making spot products more efficient and less burdensome for investors. A trend in embracing bitcoin Jay Clayton held the position of the SEC Chair from May 2017 to December 2020 and has since gathered a reputation for being cautious when it comes to cryptocurrencies. In an interview earlier today, Jay recognized the significant progress made by the cryptocurrency industry, specifically in terms of institutional investment. He acknowledged that prominent market players are now openly embracing bitcoin (BTC), calling it “fascinating.” Clayton said this development signals a rising trust in the cryptocurrency sector’s regulatory safeguards and trading potent...