Jim Cramer urges regulators to do a 'big cleanup' of the crypt | ERC20 Official Crypto channel

Jim Cramer urges regulators to do a 'big cleanup' of the crypto industry

The US Securities and Exchange Commission (SEC) should tighten the regulation of cryptocurrency companies and conduct a “big sweep” of the industry. This was stated by the former manager of the hedge fund Cramer & Co. and Mad Money show host Jim Kramer.

Kramer urged the SEC to intensify its efforts to prosecute unscrupulous players in the cryptocurrency market. In his opinion, this is how you can protect investors and prevent illegal enrichment of scammers.

“I think they need to do a big cleanup. They have to stop people creating money out of thin air,” he added.