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Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has reiterated his skepticism of the cryptocurrency industry, emphasizing his view that it is largely fueled by market sentiment rather than fundamentals.
In a January 8 interview with Bloomberg Television, Gensler expressed doubts about the long-term viability of many cryptocurrency projects. He emphasized the importance of implementing stricter regulations for altcoins and intermediaries operating within the digital asset market.
Gensler further noted that retail investors continue to face a lack of proper disclosures and access to critical information from companies in the industry.
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
Michaela
