$XRP $The head of the SEC announced the dangers of cryptocurrencies for the economy

SEC Chairman Gary Gensler reiterated his tough stance on digital assets, citing their possible harm to the global financial system.

“I have never seen a place so rife with misconduct and people trying to break the law,” Gensler described the crypto industry.

Gensler also criticized celebrity endorsements for the industry and regulatory efforts in some US states.

“They are called laws passed by Congress, whether in the area of ​​anti-money laundering and sanctions or in the area of ​​securities and commodity exchange regulations,” the chairman said.

However, Gensler ignored the question of “sympathetic judges,” likely in the context of the department’s proceedings with Ripple and Grayscale.

Do you agree with Gensler’s opinion?🤔

👍-It's time for grandpa to retire🤣

👎-speaks the truth 😎