Gary Gensler: "Cryptocurrency Still Has Many Bad Actors"

According to The Block, a cryptocurrency-focused media outlet, on the 8th (local time), Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview with Bloomberg TV that "cryptocurrency is full of bad actors."

He stated, "Based on what former SEC Chairman Jay Clayton, appointed by President-elect Donald Trump, has done before, we are proud of what we have achieved."

He continued, "We still have work to do," emphasizing, "Clayton took 80 enforcement actions in the cryptocurrency sector, and we have continued with about 100 enforcement actions over the past four years. The number of enforcement actions has been steadily maintained."

Previously, President-elect Trump had nominated Clayton as the U.S. Attorney for the Southern District of New York (SDNY), and Gary Gensler, SEC Chairman, has announced that he will resign on the 20th (local time).