“The crypto industry's track record of failures, scams, and bankruptcies is not because we don't have rules, or because the rules are unclear.
“This is because many investors in the crypto industry do not play by the rules.”
Despite potential setbacks for Gensler's agency, TD Cowen predicts the SEC will maintain its Democratic majority through 2026. The research group expects the agency to continue taking action against crypto trading platforms that trade tokens believed to be unregistered securities.
*This is not investment advice.
