Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), emphasized that investors should be cautious about cryptocurrencies after the FTX collapse.
SEC Chairman Gensler to CNBC in his interview to the FTX crash mentioned. Gensler pointed to the FTX event while stating that investors should be careful about cryptocurrencies. gens, an ongoing review He did not go into the details of FTX’s failure, citing that
Why did the CNBC reporter ask Gensler when so many big companies in the market failed and were plunged into ruin? Kim Kardashian It was asked that sanctions were imposed on celebrities such as Gensler,It often takes time to build the evidence, to establish the facts.” He maintained his abstention.
SEC Chairman that the cryptocurrency community is very interconnected and the possible demolitions created a domino effect in the community. Gensler responded to the question of whether crypto exchanges can be trusted, with the following statements:
The rules and laws are clear, but it would be wrong to assume that all cryptocurrency firms comply with these laws and regulations. This space really needs to adapt. As the SEC, we also have limited resources. We have a $100 trillion capital market to audit.