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SEC boss Gary Gensler warns Terra's crash will be followed by more crypto failures, and that will knock confidence in wider markets

1 month ago   |   By Business Insider

Gary Gensler, chair of the SEC Evelyn Hockstein-Pool/Getty Images
SEC chair Gary Gensler sees more failed tokens and poorer trust in crypto after TerraUSD collapse.
Gensler, an advocate for crypto regulation, said more investors would be hurt, the WSJ reported.
Stablecoin TerraUSD and sister token luna collapsed last week as cryptocurrencies lost over $1 trillion in market value this year.
Securities and Exchange Commission Chair Gary Gensler expressed his concerns about the crypto markets following the collapse of major stablecoin TerraUSD and the cryptocurrency backing it, Luna, this...
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