Former SEC Chair Gensler: All crypto assets except Bitcoin are risky
Crypto Briefing
Former SEC Chair Gary Gensler labeled all crypto assets, excluding Bitcoin, as highly risky and speculative.Summary
Former SEC Chair Gary Gensler asserted that nearly all crypto assets, with the exception of Bitcoin, are highly risky and speculative. He differentiated Bitcoin, suggesting regulators often view it as a commodity. Gensler questioned the fundamentals underlying the thousands of other tokens, excluding USD-backed stablecoins, describing the asset class generally as volatile. Regarding the increasing integration of crypto with traditional market infrastructure, the MIT professor noted that finance naturally gravitates toward centralization, making this connection unsurprising. He avoided commenting on the politicization of crypto, stating his focus remains on protecting the strength of U.S. capital markets.
(Source：Crypto Briefing)