Gary Gensler reiterates: A large number of crypto projects do not make proper disclosures, and the industry is full of dangers for investors

Odaily News Gary Gensler, chairman of the U.S. SEC, said in an interview that following the launch of the Bitcoin spot ETF in January this year, there will be a second batch (of such products) soon, referring to the Ethereum spot ETF that will be approved for listing this summer. But Gensler said he is still concerned about the large number of other existing crypto tokens and believes that the public has not received the proper disclosure of these projects, not even the insiders and their conflicts of interest. He said the SEC is still ready to work with participants who want to register, but reiterated his view that the crypto industry is full of dangers for investors, This is an area rife with scams and fraud, and I think this is more than just a coincidence. (FT)