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Gensler’s strong comments about crypto’s pitfalls come after stablecoin TerraUSD and sister token Luna crashed to zero last week after a run, spilling over into other The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get SEC chair Gary Gensler sees more failed tokens and poorer trust in crypto after TerraUSD collapse. Gensler, an advocate for crypto regulation, said more investors Chairman of the Securities and Exchange Commission Gary Gensler voiced concern on Wednesday that the implosion of cryptocurrency terra (LUNA) and stablecoin We saw deception with the collapse of Terra and LUNA. Do Kwon and Terraform, we alleged, repeated false and misleading statements to build trust before causing The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse

SEC Chair Gensler Warns of Crypto Failures After Luna Collapse, Highlighting Erosion of Trust

Following the devastating collapse of stablecoin TerraUSD (UST) and its sister token Luna (LUNA), SEC Chairman Gary Gensler has issued strong warnings about the future of the crypto market. Gensler’s strong comments about crypto’s pitfalls come after stablecoin TerraUSD and sister token Luna crashed to zero last week after a run, spilling over into other cryptocurrencies, shaking investor confidence.

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse. The implosion of Terra and Luna has raised serious questions about the stability and security of the crypto market.

SEC chair Gary Gensler sees more failed tokens and poorer trust in crypto after TerraUSD collapse. He emphasized the need for robust crypto regulation to protect investors and prevent similar catastrophic events in the future. Gensler, an advocate for crypto regulation, said more investors will be impacted if safeguards aren\'t put in place.

Chairman of the Securities and Exchange Commission Gary Gensler voiced concern on Wednesday that the implosion of cryptocurrency terra (LUNA) and stablecoin UST highlighted the inherent risks within the largely unregulated crypto space.

The SEC\'s focus remains on protecting investors from fraud and manipulation. Gensler emphasized the importance of transparency and disclosure in the crypto market. "We saw deception with the collapse of Terra and LUNA," stated Gensler. "Do Kwon and Terraform, we alleged, repeated false and misleading statements to build trust before causing significant harm."

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of TerraUSD and Luna, underscoring the critical need for investor protection and regulatory oversight in the rapidly evolving crypto landscape. The future of crypto, according to Gensler, depends on building trust and ensuring responsible innovation.

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