The latest audience to Gary Gensler’s long-running crypto scepticism? The US Army. When it comes to speculative assets — which include digital ones, in the newest iteration of the SEC chair’s crypto critiques — Gensler remains sceptical as ever, he said during a Twitter spaces hosted by the Army on Wednesday. In a session branded as financial advice for US service members, Gensler said most cryptocurrencies lack proper regulatory compliance and use cases. The crypto industry is the “Wild West,” per Gensler, adding, once again, that it’s easy to get caught up in “FOMO” swirling around the sector. Or at least the fear of missing out that was prevalent before the bear market. (Blockworks)
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