Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.
11 crypto firms
California
California regulator
Clothilde Hewlett
Consumers
Crackdown
crypto pyramid
Cryptos OTC Trading Platform
Department of Financial Protection and Innovation
DFPI
DFPI Commissioner
Elevate Pass
GreenCorp Investment
Metafi Yielders
Nexo
Pegasus
Polinur ME Limited
Ponzi
Ponzi Schemes
Pyramid
regulation
regulator
Regulators
Remabit
Sity Trade
Sytrex Trade
Vexam Limited
World OTC
World Over the Counter
California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited…