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@ Layer3.news
2025-02-28 21:43:29
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WAS FTX GARY GENSLER'S FAULT? UNCLEAR LAWS CREATED A 'HAVEN FOR BAD ACTORS', SAYS HESTER PEIRCE
https://cdn.decrypt.co/wp-content/uploads/2024/07/gary-gensler-sec-chair-gID_4.jpg
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✍️ SEC Commissioner Hester Peirce blamed the agency's former chair, Gary Gensler, for the proliferation of fraud in the crypto industry, citing his aggressive anti-crypto policies.
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👉 SEC Commissioner Hester Peirce blamed the agency's former chair, Gary Gensler, for the proliferation of fraud in the crypto industry
👉 Peirce argued that the SEC's previous approach, which focused on enforcement rather than creating industry-specific rules, led to a proliferation of fraud and malfeasance
👉 The SEC dismissed its lawsuit against Coinbase and suggested a fresh start in assessing crypto company compliance with federal securities laws
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#HesterPeirce #GaryGensler #JoeBiden #technology
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