US Senator Elizabeth Warren defended SEC Chair Gary Gensler, referring to the crypto industry’s fear of a strong SEC.
The scenarios experienced by cryptocurrencies have been bearish in parallel with the actors and events. Especially in the last year, there have been bankruptcies and collapses in many crypto projects. US Senator Warrennoted that the Trump-era administration has turned a blind eye to a crypto market full of junk tokens and ponzi schemes. Warrenthe crypto industry is a strong SECHe said he was afraid of.
US Senator: Supported SEC Chair
US Senator Elizabeth Warren, SEC Chairman, who scared the leaders of the crypto industry gensHe said that ‘s cleaned up the situations from the Trump era. genssupporting the Warren, said:
“Looks like the commission is still increasing. This is why the industry fears a powerful SEC and spends millions of dollars each year lobbying to escape SEC oversight.”
Moreover Warrenfor crimes such as fraud and manipulation in the country SECdemanded that it exercise all its regulatory powers. Warrena tough and strong SECHe believes it will be better.
The Senator urged US regulators to take more action against some of the big players in the cryptocurrency industry. According to Warren, this measure is about creating an environment of accountability.
Finally, Senator SECHe said that this was wrong, stating that he was hesitant about the next move towards the crypto sector. Warren, SECHe demanded that he try harder.
