U.S. Securities and Exchange Commission Chair Gary Gensler said on Nov. 2 that many cryptocurrencies will fail, comparing investment in digital assets to the risky venture capital industry.
Gensler was addressing a conference held by the Securities Industry and Financial Markets Association. He added that his agency hopes to bring digital assets into the SEC’s investor protection framework.U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021.
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