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SEC Chair Gensler says crypto investors need better protection

Nov. 10, 2022 9:18 AM ETBitcoin USD (BTC-USD)By: Joshua Fineman, SA News Editor8 Comments

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  • SEC Chairman Gary Gensler said investors need better protection in the wake of the fallout from the implosion of crypto exchange FTX.
  • "I think investors need better protection in this space," Gensler said in a

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Comments (8)

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Why does he never just say this industry is a scam? That would be the responsible thing to do.
re: "I think investors need better protection in this space."
I wonder if the number one way small retail investors get rekt is from youtubers and other social media influencers. The furu influencers dispense their wisdom as "not financial advice" while they funnel unwitting retail into their subscription-based echo-chambers or gang up with other influencers for pump-and-dump or * and this is a guess, yet IMO demands investigation) do some of these influencers receive money besides referral fees (from what parties?) to pump "decentralized" coins?
From Rep. Tom Emmer today:
"Interesting. GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this."
Thanks but the headline should read: This is what Gary means: There are regulations but many crypto coins don’t abide by the rules. So you better look hard and look twice before speculating on these deals. We only have so much staff to police this stuff and it’s doing the best it can. The $100 trillion of stocks, bonds, options etc. is a priority.
Crip toe is a ponzie scheme. The RICO Act should be used in the prosecution. Three card Monty. Shuffling pea pod game on the street has better odds.
TraderJoeZ profile picture
Hueffel profile picture
It needs a coin authority based on the moon.
Djreef1966 profile picture
What the hell does that mean?

Common sense?
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