Gensler says FTX collapse is 'part of a pattern' in crypto markets | Crypto Craft

  • Gensler says FTX collapse is 'part of a pattern' in crypto markets

    From theblock.co

    Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday's sudden FTX collapse is part of a wider trend in digital assets. "What we’ve seen in the last two days, if I can sort of step back from it a bit, it’s really part of a pattern of what we have seen over the past six or eight months,” Gensler said during a conference hosted by the Healthy Markets Association, a policy nonprofit. “Investors get hurt when we don’t rely upon the time-tested public policy guardrails.” "I would not take the last two days as separate from what's happened in the last eight months," the SEC chair ... (full story)

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Goat
Nov 9, 2022 5:56pm
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It's part of a pattern alright. This is how every unregistered security has died since the beginning of capitalism.
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