Almost 5,000 tokens were born in the past 12 months, an average of 10 new coins per day

Is that good for crypto?

As interest grows and technological developments are critical to the growth of the cryptocurrency industry, the growing number of coins can be counterproductive or even dangerous.

For example, SEC chairman Gary Gensler will become increasingly skeptical of the space given the large number of tokens in existence. Recognizing that there is no room for thousands of different currencies, he intends to step up regulation of the industry to protect investors before some of those currencies inevitably collapse.

In fact, many tokens appear to be dangerous investments – if not scams. In the Australian crypto market alone, more than $ 25 million went to fraudsters in the first half of 2021.

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For example, SEC chairman Gary Gensler will become increasingly skeptical of the space given the large number of tokens in existence. Recognizing that there is no room for thousands of different currencies, he intends to step up regulation of the industry to protect investors before some of those currencies inevitably collapse. In fact, many tokens appear to be dangerous investments – if not scams. In the Australian crypto market alone, more than $ 25 million went to fraudsters in the first half of 2021. For example, SEC chairman Gary Gensler will become increasingly skeptical of the space given the large number of tokens in existence. Recognizing that there is no room for thousands of different currencies, he intends to step up regulation of the industry to protect investors before some of those currencies inevitably collapse. In fact, many tokens appear to be dangerous investments – if not scams. In the Australian crypto market alone, more than $ 25 million went to fraudsters in the first half of 2021. For example, SEC chairman Gary Gensler will become increasingly skeptical of the space given the large number of tokens in existence. Recognizing that there is no room for thousands of different currencies, he intends to step up regulation of the industry to protect investors before some of those currencies inevitably collapse. In fact, many tokens appear to be dangerous investments – if not scams. In the Australian crypto market alone, more than $ 25 million went to fraudsters in the first half of 2021.