“Fraud, manipulation, and speculation” — that’s how SEC Chairman Gary Gensler described the vast majority of crypto projects, claiming they’re doomed to fail. 🚨
According to Gensler, the market is saturated with scams, and traders are chasing quick profits instead of investing in real innovation. “This is not the future of technology; it’s a bubble ready to burst,” he warned.
In the past four years, the SEC has filed more than 100 lawsuits against crypto companies for violating securities laws. Gensler did not choose his words carefully, describing the crypto market as a “vast field of speculation” where projects only survive until the crowds lose interest.
💡 Will cryptocurrencies be the next dot-com crash? Or the path to global financial freedom? 🌍