US SEC Chairman reiterates that cryptocurrency market is rife with fraud

Golden Finance reported that U.S. SEC Chairman Gary Gensler reiterated that the cryptocurrency market is rife with fraud. Gensler said that cryptocurrency exchanges have "serious conflicts of interest" and that the cryptocurrency market needs "field referees." The U.S. Securities and Exchange Commission (SEC) has excelled in court in cryptocurrency cases. The SEC has legal tools when it comes to cryptocurrencies, but more resources are needed.