Gensler pressed on FTX failure, warns investors to ‘be careful, beware.’
Securities and Exchange Commission Chair Gary Gensler continued to raise red flags about the crypto industry, and responded to questions about whether his agency has failed to go after large actors in the crypto space that are violating U.S. financial laws.
Gensler would not go into the specifics of FTX’s failure, citing an ongoing investigation, and made clear he did not want to comment on any specific case. But he once again called the crypto industry “largely noncompliant,” and cautioned the American public to “be careful, beware.”. Gensler said when asked if everyday investors should feel safe keeping their money with crypto companies.
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