Gensler on the Brink, Asserts SEC's Legal Tools for Crypto Regulation Amid Market Fraud Concerns

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), is reportedly on the brink as he reiterates his stance that the cryptocurrency market is rife with fraud and conflicts of interest. Gensler emphasized the need for regulatory oversight, stating that the SEC has the legal tools necessary to address issues in the crypto security field. He noted that while not every crypto token is a security, most are. Additionally, Gensler highlighted the SEC's success in court cases related to cryptocurrencies and mentioned the agency's pivot on Bitcoin ETFs following a differing view from the DC Circuit.