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Crypto Figures Slam SEC Chair Gensler’s Statements, Call for Accountability

Published 01/09/2024, 03:16 PM
Updated 01/09/2024, 03:45 PM
Crypto Figures Slam SEC Chair Gensler’s Statements, Call for Accountability
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  • Prominent figures in the crypto community strongly respond to Gary Gensler’s crypto statements, accusing him of spreading FUD.
  • Ryan Selkis, CEO of Messari, counters Gensler’s claims, emphasizing that Bitcoin has consistently proven itself as the top-performing investment.
  • Coinbase (NASDAQ:COIN) Chief Legal Officer, Paul Grewal, questions the SEC’s credibility by highlighting recent misrepresentations in DEBT Box case.

Recent tweets from prominent figures within the crypto community have responded strongly to Gary Gensler’s crypto statements, accusing him of spreading fear, uncertainty, and doubt (FUD) about the crypto industry.

The SEC Chair laid out various risks associated with crypto, including non-compliance with securities law, volatility and risk, and the rise of fraudsters.

A number of major platforms and crypto assets have become insolvent and/or lost value. Investments in crypto assets continue to be subject to significant risk.

The founder and CEO of Messari, Ryan Selkis, took to X to counter Gensler’s claims. Selkis emphasized that Bitcoin has consistently proven itself as the top-performing investment over its 15-year history. He criticizes Gensler f…

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