Is crypto a security, bro?
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The SEC's Role in Cryptocurrencies
Gensler: Fraud is a very strong word. And you can run a business that sucks in an industry that makes not a lot of sense, but that people are still willing to pay for it. That's not necessarily fraud. On your view, that is what the SEC exists to do. I think that's what they see. He's suing about newer fangled cryptocurrencies that have some amount of economic reality resembling a stock capital raise.
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