Gary Gensler gave an interview, which there is a link to the article covering what was said.
In this video I commnet on Gensler's view that 10K-15K projects will fail. There is also the idea that crypto is driven by basically sentiment.
I dive into what Gensler said and share some thoughts on it.
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The good news is that he will be out on the 20th. He only sees the losses because of scammers and bad players but failed to recognize the losses in his push to compliance. He is proud of those 100 enforcement actions and didn't see them as overreach.