Gensler believes that nation-states control money and that economies do better with one nation-issued currency, reflecting a view rooted in historical precedent.
He remarked that the crypto industry has produced 'a lot of fraudsters, a lot of grifters, a lot of scams,' acknowledging the presence of significant issues within the sector.
His claim that the 'leading lights' of the crypto field in 2024 are mostly imprisoned contradicts the reality that many industry leaders continue to thrive and innovate.
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