In a recent Bloomberg TV interview, SEC Chair Gary Gensler, who is set to depart on January 20, 2025, reiterated his critical stance on the cryptocurrency industry, labeling it as "rife with bad actors." He distinguished between Bitcoin and the broader crypto market, stating, "In crypto, there’s Bitcoin, and then everything else." Gensler highlighted the need for further regulation of altcoins and digital asset intermediaries, pointing to inadequate disclosures and ongoing issues with speculative practices. He noted that out of approximately 10,000 to 15,000 crypto projects, many are unlikely to survive, citing cases of fraud such as pump-and-dump schemes and referencing notorious figures like Sam Bankman-Fried (SBF) and Do Kwon. His comments come as he prepares to leave the SEC, with his tenure marked by over 100 enforcement actions against various crypto entities, including Coinbase and Binance.