Cryptocurrency Under Scrutiny as U.S. Elections Approach
The cryptocurrency sector is facing intensified scrutiny from regulators, with U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler describing it as “rife with fraud and hucksters.” In a recent interview, Gensler emphasized that the investing public has lost significant amounts of money due to non-compliance with existing laws by many crypto firms. As the November elections draw near, the cryptocurrency industry is investing heavily in political donations to influence the legislative landscape. This includes the presidential race between Donald Trump and Kamala Harris, as well as all 435 House districts and 33 Senate seats up for grabs. Cryptocurrency's Future in Jeopardy: Industry Faces Increased Scrutiny as U.S. Elections Loom A Divided Political Landscape The cryptocurrency debate has revealed stark differences in policy approaches between Trump and the Biden administration. Trump has actively sought support from crypto enthusiasts, promising to make the U.S. “the c...