SEC Under Fire: Senator Kennedy Questions Efficiency in Regulating Crypto Giants

In a recent heated exchange, Senator Kennedy questioned Gary Gensler’s, Chairman of the U.S. Securities and Exchange Commission (SEC), authority and his agency’s competency in controlling the frauds within the crypto industry. He zeroed in on the case of FTX, the crypto exchange founded by the “over-haired” and “under-dressed” young billionaire, Sam Bankman-Fried.