Gary Gensler: Crypto market is like 1920s stock market, full of 'fraudsters'

In the talk, Gensler praised the Securities Act of 1933 and Securities Exchange Act of 1934, claiming that these laws allowed the U.S. securities markets to “thrive” over the next 88 years. He argued that the “crypto securities markets” of today should also benefit from these laws, as they are not “less deserving of the protections” they provide.against Telegram Open Network, Gensler argued that crypto asset securities are not exempt from securities laws even if they have utility.

Gensler denied that this separation isn’t possible, saying that separating these three functions simply requires work.

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Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019Years before he began taking on Binance as head of the SEC, Gary Gensler offered to advise the company, according to the crypto exchange's lawyers.
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