It is rife with fraud, scams, and abuse.
Editor's note · Context
Gensler emphasizes the prevalence of fraud in the crypto industry.
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The investing public, not just here in this country, but around the globe, has taken an interest in these crypto assets.
I really, I want to thank this Committee for the approval last week of the funding the SEC at the levels that you just mentioned.
We are a disclosure-based regime, and so when the investing public is anticipating profits based on the efforts of others, it is best that those others, you know, give full, fair, and truthful disclosure.
We are a disclosure-based regime, and so when the investing public is anticipating profits based on the efforts of others, it is best that those others, you know, give full, fair, and truthful disclosure.





