'Fraudsters, scam artists, ponzi schemes': Gary Gensler takes on crypto critics in combative speech

Securities and Exchange Commission Chairman Gary Gensler has faced tough criticism after his agency sued cryptocurrency exchanges Binance Holdings Ltd. and Coinbase Global Inc. for securities law violations, but the regulator remains steadfast in his belief that noncompliance in the crypto industry is widespread and threatens the public’s trust in U.S. financial markets. The SEC’s lawsuit against Coinbase COIN, was seen by crypto boosters as especially egregious because the lawsuit does not allege fraud and focuses instead on the company’s failure to register with the SEC as a securities exchange...