Gary Gensler decries crypto industry after Sam Bankman-Fried conviction

SEC Chair Gary Gensler says crypto is full of bad actors. His comments came during the DC Fintech week where the financial regulator questioned the integrity of the industry. It comes a week after former FTX CEO Sam Bankman-Fried was found guilty for his fraudulent acts against platform customers. It comes barely a week after former FTX CEO Sam Bankman-Fried was found guilty on seven counts of charges bordering along fraud.

” He added that accountability remains critical for all players, while high impact cases require a keener eye, with “gatekeepers” or enablers being a key focus of the SEC. Gensler revealed having commissioned “staff to look at every way to get these platforms inside the investor protection remit." In his opinion, failure by trading platforms to come into the regulated playground would default to another year of risk to the public.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto has more than one fraudster, SEC Chair Gary Gary Gensler saysSEC Chair Gary Gensler warned of multiple bad actors involved with cryptocurrency and said sector is 'rife with fraud and manipulation.'
Source: TheBlock__ - 🏆 464. / 53 Read more »

US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1An amendment offered in the Financial Services and General Government bill, made by Rep. Tim Burchett, proposes to cut SEC Chair Gary Genslers’ salary to just $1 as part of a wider funding cut to government agencies.
Source: Cointelegraph - 🏆 562. / 51 Read more »

What's Next for Sam Bankman-Fried's Legal Case?Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Source: CoinDesk - 🏆 291. / 63 Read more »

Donald Trump and Sam Bankman-Fried Pulled the Same Trial TricksThey may not be dead ringers. But from watching SBF’s courtroom shenanigans up close, they looked awfully similar.
Source: VanityFair - 🏆 391. / 55 Read more »

Sam Bankman-Fried's Wildest, Craziest, Dumbest TradesDaniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

How Sam Bankman-Fried Mastered the Art of Crypto MarketingTim Haldorsson is the CEO of crypto growth agency Lunar Strategy.
Source: CoinDesk - 🏆 291. / 63 Read more »