Gary Gensler has described the cryptocurrency market as “rife with bad actors.” The top financial cop made the remarks in a January 8 interview with Bloomberg TV, in which he discussed the enforcement actions under his leadership and addressed persistent compliance issues in the crypto space. A Tenure Marked by Crypto Scrutiny In the sit-down with David Gura, the 67-year-old, who is due to depart the U.S. Securities and Exchange Commission (SEC) in about a week, outlined the challenges posed by the digital asset industry, which, despite making up less than 1% of the $120 trillion U.S. capital markets, has attracted significant attention from regulators and the public. Since taking office, Gensler has overseen 100 enforcement actions related to crypto, building on the work of his predecessor, Jay Clayton, who initiated 80 such cases during his tenure. The actions targeted fraud, scams, and non-compliance with securities laws. According to him, most digital currencies meet the criteria for securities and should be regulated as such. Additionally, he claimed that many crypto projects operate outside legal boundaries, which exposes investors to significant risks. “Right now, the crypto market is rife with bad actors. We’ve seen this over the last few years, with intermediaries—whether they call themselves exchanges, brokers, or custodians—not complying with securities laws and putting the public at risk,” said Gensler. The former MIT professor also questioned the viability of most cryptocurrencies in the market, suggesting that many of them won’t survive. Further, he called out the sector for being overly driven by sentiment rather than fundamentals, a factor he believes hugely contributes to its volatility. Debunking the “Anti-Crypto” Label The SEC chair has faced considerable criticism from pro-crypto figures for his regulation-by-enforcement approach to the industry. Some, like Minnesota lawmaker Tom Emmer, previously described his tenure as “the most destructive and lawless” in history. Others, like Ripple CEO Brad Garlinghouse, described it as a ” reign of terror ,” pushing the industry to rally behind pro-crypto candidates in the November polls, which saw Donald Trump return to the White House and the United States gain the most crypto-friendly Congress ever. On his part, Gensler accepted the personal challenges of leading a high-profile regulatory body, remarking, “If you’re not willing to be attacked, you can’t debate policy.” However, he rejected his characterization as anti-crypto, pointing to his academic background at MIT, where he studied and taught blockchain technology, as evidence of his interest in the sector. “My role as SEC Chair is to ensure investor protection and market integrity. It’s not about being pro or anti-crypto; it’s about ensuring that intermediaries and projects comply with the law,” he explained. The post Departing SEC Chair Warns of Bad Actors in Crypto Market appeared first on CryptoPotato .
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FXGuys ($FXG) Catches The Fancy Of Litecoin And RENDER Investors Seeking Huge Profits In This Bull Run
The post FXGuys ($FXG) Catches The Fancy Of Litecoin And RENDER Investors Seeking Huge Profits In This Bull Run appeared first on Coinpedia Fintech News With the new year comes renewed hopes of a new crypto market boom. Meanwhile, FXGuys ($FXG) is catching the fancy of investors seeking tokens with the potential for explosive returns in this bull run. While top altcoins like Litecoin (LTC) and Render (RNDR) have shown modest growth, $FXG is the rising star with unprecedented growth potential. Experts have highlighted $FXG as the best crypto to invest in now. However, investors are asking how this emerging coin could deliver better returns over Litecoin and Render in this bull run. >>>JOIN FXGUYS HERE Increased Miners Reserves Drive Litecoin’s Bull Run On-chain data shows that miners’ reserves for all mining pools rose above 1.5 million LTC in December 2024. This sent Litecoin’s LTC into a 2025 bull run. LTC jumped 28.95% in price from $99.65 to $128.51 in just 18 days. By the end of December, Litecoin’s LTC lost momentum and dropped 23.90% to $97.81. However, LTC surged by 15.25% to $112.73 four days into January 2025. However, despite Litecoin’s LTC movements, investors are shifting attention to $FXG. The token is hailed as the best crypto coin to buy now for its growth potential. RENDER Soars in January: Is RNDR the Best Crypto to Invest in Now? Another token with impressive price performance over the past month is RENDER. RNDR jumped 8.33% from $8.64 to $9.36 just 15 days into December. By December 31, 2024, RENDER’s RNDR had dropped 28.63% in price to reach $6.68. However, RENDER’s RNDR recovered by 23.20% to $8.23 just 4 days later to kickstart a 2025 bull run. This led many experts to predict that the price of RNDR could cross $10 in 2025. Despite the modest price growth shown by Litecoin’s LTC and RENDER’s RNDR, experts have highlighted $FXG as the best crypto coin to buy now for maximized gains in the 2025 bull run. FXGuys is Set to Outshine Top Altcoins in the 2025 Crypto Bull Run FXGuys is a custom trading platform that doesn’t require KYC from traders at all levels. By connecting a wallet, users can start trading or investing on the platform. What makes the FXGuys platform more appealing is its unlimited access to AI tools, dynamic charts, and advanced analytics to make informed market decisions while exploring the most active and liquid markets. Users trade indices, stocks, commodities, and cryptocurrencies in these markets. On FXGuys, traders showcase their trading abilities during the challenge phase. Those who qualify will have access to funded accounts with up to $500,000 and even keep 80% of the profits. This makes FXGuys the best platform for new and experienced traders who don’t have the funds to explore market opportunities. The FX Guys platform also supports over 100 local currencies, enabling users to transact in crypto and fiat. FXGuys also had its smart contract audited by companies like Soken and SolidProof to ensure a secure trading environment. Then, there is the staking rewards program, where users can lock their $FXG tokens and earn up to a 20% APY. Adding to its appeal, FXGuys offers staking rewards and a Trade2Earn program. In the FXGuys Trade2Earn program, users receive rewards in the form of $FXG tokens based on their trading activities. Holders can use $FXG subscriptions, payments, and access to exclusive benefits within the ecosystem. >>>JOIN FXGUYS HERE $FXG’s Huge Profit Potential in This Bull Run Makes It the Best Crypto Coin to Buy Now! The $FXG presale is offering investors a rare chance to secure massive returns in the 2025 bull run, making it the best crypto coin to buy now. The $FXG coin is currently available in Stage 2 of its public presale at just $0.04. Early investors can earn up to 25% when the $FXG token price rises to $0.05 in Stage 3. The $FXG token’s price will increase through its public presale: from $0.05 in Stage 3 to $0.08 in Stage 6, all the way to $0.10 at launch. Those who participated in the $FXG Private Sale Round made 300% gains, and those who invest now can make up to 150% returns when the token launches on major exchanges. Experts are now predicting that $FXG, the best crypto to invest in right now, could rise by 10,000% after launch, and Litecoin’s LTC and Render’s RNDR investors are looking to benefit. To earn massive returns in the 2025 bull run from the best crypto to invest in now, visit the FXGuys platform to sign up with your email and connect your crypto wallet (MetaMask or Trust Wallet). To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit Crypto Potato
Thailand Launches Pilot Program for Crypto Payments, Boosting Tourism and Local Economy
Thailand introduces a pilot program for crypto payments to enhance tourism. Kalasin, known as "Bitcoin Town," promotes cashless transactions among locals. Continue Reading: Thailand Launches Pilot Program for Crypto Payments, Boosting Tourism and Local Economy The post Thailand Launches Pilot Program for Crypto Payments, Boosting Tourism and Local Economy appeared first on COINTURK NEWS . Crypto Potato