Most of the crypto space is breaking the law, according to the narrative he stands by, and its practitioners are threatening people’s money with dicey business practices while they continue to evade compliance. Just last week, the SEC sued one of the biggest trading firms in financial markets (crypto and traditional assets alike), Chicago-based DRW, accusing the company of not getting proper permission to trade crypto assets. Gensler, who declined to be interviewed by CoinDesk for this story, has drawn that line in the sand and has spent years proving he won’t budge from it.
Bitcoin Profitability Index Hits 202%: Is This Enough For A Top?
On-chain data shows the Bitcoin Profitability Index is at 202% right now. Here’s how this compares with past bull runs...