SEC’s Gary Gensler Blames Public for Crypto Focus: Impact on Bitcoin (BTC) and Ethereum (ETH)

• The U.S. Securities and Exchange Commission (SEC) continues its crackdown on the crypto industry, with Robinhood Crypto being the latest to receive notice of impending enforcement action.
• SEC Chair, Gary Gensler, cites the “outsized” share of financial scams and fraud in the crypto market as a major concern.
• Gensler reaffirms his belief that most cryptocurrencies should be considered securities, and that investors are not receiving appropriate disclosures for investing in such assets.

The SEC intensifies its scrutiny on the crypto industry, with Robinhood Crypto being the latest target. SEC Chair, Gary Gensler, highlights the high risk of scams and fraud in the crypto market, and reiterates the need for cryptocurrencies to be considered securities.

SEC Continues Crypto Industry Crackdown

The U.S. Securities and Exchange Commission (SEC) is maintaining its firm stance on the crypto industry, with Robinhood Crypto being the latest to receive notice of impending enforcement action. This move is part of the SEC’s ongoing efforts to regulate the burgeoning crypto market, which has been rife with financial scams ... Read the full article for FREE at COINOTAG!