Gary Gensler expressed concerns about the lack of regulations in crypto exchanges compared to traditional exchanges, highlighting the need for proper disclosures to protect investors.
The SEC Chair's comments have triggered debates, with analysts like Tobi Opeyemi Amure suggesting Gensler's final stand amidst recent losses in legal cases and the ongoing regulatory challenges.
Gensler emphasized the SEC's role in safeguarding investors from manipulation and fraud, referencing collapses like FTX and Celsius Network, despite the SEC's lack of significant progress in establishing regulations for the crypto industry.
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