SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse – Regulation Bitcoin News

Chairman of the United States SEC, Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt.

Crypto, Cryptocurrency

5/20/2022 4:47:00 PM

“I think a lot of these tokens will fail … I fear that in crypto… there’s going to be a lot of people hurt,” said the SEC chair. cryptocurrency $LUNA $UST terra terrausd

Chairman of the United States SEC , Gary Gensler , has warned that a lot of crypto tokens will fail and many crypto investors will get hurt.

SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST CollapseThe chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST).

SEC Chair Gensler’s Warning After LUNA and UST CollapseU.S. Securities and Exchange Commission Chairman Gary Gensler expressed his concerns Wednesday that more crypto investors will be harmed following the implosion of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).

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Then why waste billions trying to regulate them Gary? Just let them fail or survive of their own merit. isn’t that how free markets are supposed to work? Let your Representatives in the US know you will not support them in the Midterms if they support Gensler. Let them understand this firmly. A loss is at hand, and it isn't in Crypto. Let them get their own crooked house in order first.

Just take Do Kwon into jail.. and let CZ take that project Cool We all want South Korea to sue for the theft of the Luna project. Join this campaign. South Korean Supreme Court U fail How do we monitor the “cop” from corruption ?🤪 Gremlin is going to turn thing ugly on crypto A lot of coins are going to fail after $Luna and gensler is going to take over them all and save us

Terra Luna Update! Luna Recovery Plan AMENDMENT Breakdown! Refull all ust in whole

SEC Chair Gary Gensler Wants to Increase Agency's Enforcement Budget to Protect Crypto Investors SEC boss Gary Gensler says that the agency has too few staff members to properly protect cryptocurrency investors SECGov Bankrupt them... This... SECGov FYM GaryGensler ! SECGov FYM SECGov

$luna founder needs to be heavily punished! No $luna 2.0 should be allowed! $wluna and $ust are scam tokens too. SECGov $btc are u fudding? how much time post this new? lol Anything is a risk, what if 20 years ago one invested in Sears, Blockbuster, Circuit City, KMart or any other company that could not complete with Amazon or Walmart.

Yes crypto assets today are very high risk especially $LUNA and the government is using this disaster to regulate crypto and I will say goodbye to blockchain technology Yeah, the FEDS and SEC who has stolen people’s wealth from more than 50 years are trying to protect you jajaja 😜 funny, Start with scammers like Stephen Braverman of Dignity Gold LLC. You know, an american that scammed hundreds of millions and oh nobody cares. lol

BurnLuna SECGov And your corruption

Gensler tells Congress that the SEC is 'really out-personed' on crypto Sec urities and Exchange Commission chair Gary Gensler told a Congressional subcommittee Wednesday that his agency needs more human resources as it looks to regulate the US crypto space. we good, thx Guys, we need to tell everyone about this! But now i'm puzzled, why it is even allowed?

The SEC is looking out for you. Do you believe ? Lets prove him wrong Nothing good has ever happened when federal agencies get involved. Yeah many ppl will be hurt but millions more ppl will get rich. It is a money game. Play it well they attacked Luna/UST..!! Really 💯 98 crypto it’s very scam The US legal system is full of easy to manipulate loopholes and some of the smartest lawyers that know of them to bypass them. We will see

They are planning for the big crash most likely very soon, I’m afraid he is right! Eyes on USDT which just moved the reserve from higher risk assets to Lower risk ones . I would prefer USDC. Something really big is brewing in the months ahead! HEY ! LOOK ME 8烫痰

More Crypto Market Turmoil Is Predicted by SEC Chairman Gary Gensler Sec urities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as Terra USD Yeah, nobody is losing anymoney in the stock market, right? bloody worm Gary really cares, about controlling how you spend your money.

SEC chair uses crypto enforcement in justification for FY2023 budget Sec urities and Exchange Commission chair Gary Gensler said he supported President Joe Biden’s request to budget more than $2.1 billion for the agency in FY2023, allowing the regulatory body to increase its enforcement division by 50 people. But by my own strength, not relying on anyone Thank you very much_,,, nofork

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2 hours ago SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse The chairman of the U.has asked Congress to boost the agency’s budget by 8% in order to pursue its cryptocurrency regulatory and enforcement agenda.“I wish we had more to dedicate to this," he said in response to questioning from Rep.Paul Kiernan Updated May 18, 2022 5:09 pm ET WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as TerraUSD.

S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). He has stressed that the agency needs employees in order to be able to properly police the cryptocurrency sector. SEC Chair Gensler’s Warning After LUNA and UST Collapse U. Part of that push is related to its work on crypto and the need to hire more in-house experts.S.15 billion for the fiscal year ending June 30, 2023, which is $240 million more than it sought in 2022. Securities and Exchange Commission Chairman Gary Gensler expressed his concerns Wednesday that more crypto investors will be harmed following the implosion of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).

He told reporters after a House Appropriations Committee panel hearing: I think a lot of these tokens will fail … I fear that in crypto… there’s going to be a lot of people hurt, and that will undermine some of the confidence in markets and trust in markets writ large. Louisiana Considering Adopting Cryptocurrency Unsurprisingly, Gensler also brought up the implosion of the Terra project during his congressional testimony to underscore the fact that the public is not protected. Gensler later referenced the blow-up of the Terra blockchain ecosystem and its related stablecoin, UST, though not by name. Last week, algorithmic stablecoin UST lost its peg to the U.S. Do Kwon, the controversial co-founder of the troubled project, was famously served with subpoenas at a popular cryptocurrency conference in October, which resulted in a backlash within the industry. dollar, sending its price and the price of cryptocurrency LUNA into free fall.” Gensler has for stronger stablecoin regulations, as The Block previously reported. The collapse of the two cryptocurrencies has caused grave concerns among regulators and lawmakers. As , Gensler said that the stablecoin “may well be securities” during another congressional hearing that took place in May.

U.S. Congressman Tom Emmer him for putting all of the SEC’s funds into crypto crackdowns. Treasury Secretary Janet Yellen cited the collapse of UST while calling for increased regulations of stablecoins last week. Gensler said Wednesday that SEC-registered asset managers do not have significant exposure to crypto assets. Alex authored more than 1,000 stories for U. However, he noted that his agency has less visibility into private funds, particularly family offices.

The SEC chief believes that most cryptocurrencies out there are securities. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex. He has been urging cryptocurrency trading platforms to approach the SEC and register. “There is a path forward that we’re talking with these exchanges about to do both: to get the platforms registered and have a pathway for the tokens as well,” he said, noting that the agency has the authority to create exemptions where necessary.today. He added: They should move towards getting registered or, you know, we’re going to be the cop on the beat, and we’re going to bring the enforcement actions. However, Gensler has been heavily criticized by some for taking an .