According to BlockBeats, on May 23, Gary Gensle, chairman of the U.S. SEC, reiterated that the cryptocurrency market is rife with fraud, that there are "serious conflicts of interest" among cryptocurrency trading platforms, and that the cryptocurrency market needs "referees on the field." The U.S. Securities and Exchange Commission (SEC) has performed well in court in cryptocurrency cases and also has legal tools in cryptocurrency, but it needs more resources. (Jinshi)
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SEC Chairman Reiterates Crypto Market Is Full of Fraud, No Comment on Ethereum Spot ETF
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