“Look at the big players in this space, in the cryptocurrency space just two years ago. Many of them are currently in prison, but I'm not just talking about SBF… number Ten billion dollars in losses and bankruptcies and so on,” Gensler said Thursday. “What American innovation sector can survive without building trust in the sector and protecting investors and consumers?”
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SEC's Gensler won't reveal his opinion on President Trump's Bitcoin reserves, but reiterates that Bitcoin is not a security
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