XRP Case News: Why Gary Gensler Believes Most Crypto Projects Are Set to Fail?

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XRP Case News: Why Gary Gensler Believes Most Crypto Projects Are Set to Fail? - CoinGape

Quick Summary:

SEC’s deadline to file its principal brief regarding appeals in the XRP case, Gary Gensler reiterates anti-crypto statements such as “crypto is rife with bad actors.” He says most crypto projects run on non-compliance and raise money from the public, but cryptocurrencies other than Bitcoin and Ethereum will not survive.

Gensler referred to Sam Bankman-Fried, CZ, and Do Kwon as “notorious” and blamed them for causing investors to lose billions of dollars.

In fact, Jay Clayton brought the case against Ripple on securities violations in XRP sales, as well as, actions against co-founder Chris Larsen and CEO Brad Garlinghouse.