Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too

Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Widely followed analyst Benjamin Cowen said in an X post Thursday that crypto’s slide since early 2025 tracks a deeper loss of trust that began after Gary Gensler left the SEC, with Bitcoin falling from $109,000 then to about $75,000 now. His warning goes beyond crypto: he says cheering Jerome Powell’s exit from the Federal Reserve could create the same kind of credibility problem in traditional markets. Cowen’s argument is blunt: Gensler’s departure was widely cheered, but it essentially removed the threat of consequences for bad actors. What followed, in his view, was a period where influencers and politicia

Source: https://cryptopotato.com/analyst-says-gensler-exit-hurt-crypto-trust-warns-powell-could-too/