In accordance with TheMarketPeriodical, former SEC Chair Gary Gensler has reiterated his skepticism about the crypto industry, describing it as highly speculative and volatile. Gensler noted that Bitcoin is the only cryptocurrency with strong fundamentals, while questioning the value of other tokens. His comments come amid a broader market decline and as the new SEC administration under Paul Atkins moves forward with pro-crypto policies, including the Innovation Exemption for crypto firms.
Former SEC Chair Gary Gensler Maintains Skepticism Over Crypto Industry
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