Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, reiterated in a Bloomberg TV interview on Wednesday that he believes the crypto industry is "full of bad actors" and stated that his work is based on the foundation laid by former chairman Jay Clayton and others. Gensler emphasized that most cryptocurrencies should be classified as securities and urged crypto companies to register with the SEC, a position that has sparked controversy in the industry. Gensler categorized the industry into Bitcoin and "everything else," believing that the crypto market relies more on sentiment than on fundamentals. (The Block)