Crypto sector is rife with ‘fraud’ and ‘hucksters,’ warns SEC chair Gary Gensler

• SEC chair Gary Gensler warned investors about the lack of regulation for cryptocurrencies.
• He told Bloomberg TV the sector was rife with “fraud” and “hucksters,” leaving investors at risk. 
• Gensler said some crypto platforms were “co-mingling and trading against” investors.

The Securities and Exchange Commission chair is continuing to take aim at the cryptocurrency sector despite a legal blow in its battle with the Ripple platform. 

The decentralized nature of cryptocurrencies has made regulation a headache for the SEC.