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SEC Chair Gensler likens crypto to ‘early seed investing,’ warns many coins will ‘fail’

Securities and Exchange Commission Chairman defended the tough stance he and other regulators have taken on cryptocurrencies, arguing that there is a lot of "hype" in the markets for digital assets, and that investors in these markets lack the protection they enjoy in markets for stocks and bonds, during an interview at the The Securities Industry and Financial Markets Association annual meeting Tuesday.
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