The SEC chairman expressed concerns about fraud and manipulation in the cryptocurrency industry again regarding the stagnation of the approval for spot Bitcoin ETFs

ChainCatcher News, when asked about the pending Bitcoin spot ETF applications, U.S. SEC Chairman Gary Gensler once again expressed skepticism about the cryptocurrency market and raised concerns about fraud and manipulation.

Gensler stated that there are many non-compliant practices in the cryptocurrency industry, and trading platforms may not necessarily adhere to time-tested protections against fraud and manipulation.