SEC’s Gensler: Crypto space is ‘not decentralized’

SEC Chair Gary Gensler discusses the risks involved with crypto space and details his belief that crypto is ultimately ‘not that decentralized.’ Gensler joined Yahoo Finance Live on March 8, 2024.
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[@donaldduck2986]

He just described the current stock market and banking system.

[@catherinenewman6516]

I’ve been saying thstt crypto is a fraud waiting to happen now, looking at bank man Fried I can see that it has already happened

[@user-gs2ih7bb2b]

Isn’t the sec there to regulate this? Regulate, not dismiss and outlaw.

[@elliottmarshall1424]

It’s true they’re behaving like banks without the government backing… like banks should have been

[@TrusellaLouise-ng3pl]

It’s alway$ the intermediarie$
The agents middlemen opportunists fraudsters and handlers. What we have overall, are severe ethical challenges.

[@tariqosman5811]

I agree to some extent

[@blakeaustin8835]

Yes, this includes Coinbase.

[@kennethclass]

The current system is corrupt AF 😂

[@danielakasmulegood982]

Lies

[@armbrusterthrockmartin8217]

Put all your money into US dollars, the strongest currency in the history of the world… Lol

[@jt7468]

Don't store wealth, use it. Buy/ invest in cashflow

[@blakeaustin8835]

Best and strongest currency on the face of the earth.