Gary Hensler


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Al Draga / Bloomberg News

WASHINGTON – Securities and Exchange Commission Chairman Gary Hensler said Wednesday that he is concerned that more investors will suffer in cryptocurrency markets after the collapse this month of a stablecoin known as TerraUSD.

“I think many of these tokens will fail,” Mr Hensler told reporters after a congressional hearing on Wednesday. “I’m afraid that in the crypt … a lot of people will suffer and it will undermine some of the trust in the markets and the trust in the markets.”

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