Skip to content

SEC Chair Gary Gensler lashes out at crypto lenders for offering unrealistic yields

  • Gary Gensler added that the crypto lenders offered yields that were “too good to be true” and unsustainable.
  • He further referred to stablecoins as “poker chips” of the DeFi market that required more regulatory oversight.

Earlier this week on Wednesday, July 13, crypto lender Celsius Networks filed for Chapter 11 bankruptcy proceedings. The announcement came just a week after another crypto
Read Full Article…