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Gary Gensler: "Cryptocurrency Still Has Many Bad Actors"

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JH Kim
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  • Gary Gensler, SEC Chairman, stated that the cryptocurrency market is still full of bad actors.
  • During former SEC Chairman Clayton's tenure, there were 80 enforcement actions, and under Chairman Gensler, about 100 enforcement actions have been maintained over the past four years.
  • As Chairman Gensler is about to resign, he emphasized that regulation and enforcement actions in the cryptocurrency sector will continue.
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  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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).

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reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.