SEC Chairman Gary Gensler emphasized during a CNBC interview that many cryptocurrencies are considered securities under the law, highlighting a significant issue where investors are not receiving the required or necessary disclosures following multiple Wells Notices. In a series of statements, Gensler pointed out that the crypto sector represents a disproportionately large part of the scams, frauds, and problems within the overall financial markets. He questioned the lack of financial reporting for these crypto tokens and criticized the attention the sector receives relative to its size in the capital markets.
Gary Gensler Says It’s Our Fault the SEC Appears So Focused on Crypto ► https://t.co/JwSI00b5oC https://t.co/JwSI00b5oC
SEC Chair Gensler says crypto isn’t providing investors with "required or needed disclosures" about assets https://t.co/LHRAuLeN2C
SEC Chairman Gary Gensler: “Cryptocurrencies represent a significant part of the fraud, deception and problems in the financial markets.” https://t.co/nM9Hq8XTvE
https://t.co/fI1XlwjWeW
Very nice work --> 25k+ $ZIG holders 📈🚀 https://t.co/DZacFmytBU
Following multiple Wells notices, SEC Chair Gary Gensler shared rhetoric regarding the crypto industry and its supposed non-compliance with federal laws https://t.co/IPXAaWgT4m
The summary of what Gary Gensler said on CNBC is: “These crypto people are outcompeting all my friends in banks, custodians, clearing houses and central banking, this is unacceptable” All they have is gaslighting, we have the tech and energy to outbuild them. https://t.co/sM3pCRozlV
🚨JUST IN: SEC CHAIR GARY GENSLER WARNS THAT INVESTORS LACK CRUCIAL CRYPTO DISCLOSURES, AFTER SEC’S ENFORCEMENT ACTIONS AGAINST MULTIPLE CRYPTO ENTITIES
Gary Gensler says that #crypto is an outsized piece of scams, frauds and problems in the overall market Now do the traditional finance and banking sector Gary https://t.co/5qAtv1DXYb
SEC Chair Gary Gensler says investors lack needed crypto disclosures following multiple Wells Notices, according to CNBC. https://t.co/iOi01GDSSO
🚨 LATEST: SEC Chairman @GaryGensler describes crypto as an “outsized piece of scams and fraud within the overall markets” https://t.co/92DASk7gAO
BREAKING: GARY GENSLER SAYS THAT CRYPTO IS AN OUTSIZED PIECE OF THE SCAMS, FRAUDS, AND PROBLEMS IN THE OVERALL MARKETS https://t.co/HYEhdJLmIQ
How does he say this with a straight face? SEC'S GENSLER: MANY CRYPTOCURRENCIES ARE SECURITIES UNDER THE LAW - CNBC INTERVIEW
SEC’s Gensler: Many Cryptocurrencies Are Securities Under the Law but Investors Are Not Getting Required or Needed Disclosures -CNBC
Gary Gensler told @SquawkCNBC @andrewrsorkin he would rather not talk about crypto saying it’s a small part of the overall capital markets and doesn’t deserve the attention it’s getting. Gensler asks “where are the financial reports for these crypto tokens”? He doesn’t… https://t.co/D765gNBRM5
SEC CHAIR GENSLER: MANY CRYPTOCURRENCIES ARE SECURITIES UNDER THE LAW BUT INVESTORS ARE NOT GETTING REQUIRED OR NEEDED DISCLOSURES - CNBC.
SEC'S GENSLER: MANY CRYPTOCURRENCIES ARE SECURITIES UNDER THE LAW BUT INVESTORS ARE NOT GETTING REQUIRED OR NEEDED DISCLOSURES -CNBC