Former SEC Chair Behind Ripple Lawsuit Blames Cryptocurrency Exchanges, Not Blockchain

the behavior of major cryptocurrency exchanges, Binance and FTX, in a recent interview with Bloomberg.

While addressing the recent lawsuits against these platforms, Clayton decried what he labeled as"reprehensible behavior," but emphasized that this does not reflect poorly on the technology powering these platforms -- blockchain.with CNBC, Clayton underscored the differences between the charges against Binance and Coinbase.

Drawing parallels between the crypto industry and the gig economy, he described the former's playbook as one that assumes innovation would overcome regulatory resistance, a notion he challenged. He posited that the perceived value of cryptocurrency companies might have been inflated under the impression that they were leading a financial revolution -- a sentiment he finds might be dwindling.

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Source: CNBC - 🏆 12. / 72 Read more »