CNBC’s “Crypto World” episode highlights how shifts in U.S. monetary and regulatory policy are reshaping the crypto landscape, with former SEC chair Gary Gensler reiterating sharp warnings about most altcoins even as the agency itself pivots toward a more supportive stance on digital assets. In a CNBC appearance, Gensler characterizes crypto as highly speculative and “very risky” for retail investors, arguing that aside from Bitcoin, most tokens lack underlying fundamentals and trade largely on momentum and hype. His comments come in retrospect of his 2021–2025 tenure, when the SEC pursued an aggressive, enforcement‑led approach against major exchanges and classified many tokens as securities, in contrast to the current SEC leadership’s move toward clearer, more permissive frameworks such as streamlined approval standards for crypto ETFs. The episode is framed by a broader macro and political backdrop. Crypto markets react to the Federal Reserve’s first interest rate cut in about nine months, a 25‑basis‑point move accompanied by guidance for additional cuts later in the year as labor‑market concerns mount. At the same time, a group of Democratic lawmakers presses ethics questions about David Sacks, the Treasury Department’s “crypto czar,” querying whether his status as a special government employee has allowed him to overstay statutory limits on work days while the Trump administration advances a more industry‑friendly regulatory agenda. Against this policy shift, Dragonfly general partner Rob Hadick details how venture funding has rotated heavily toward stablecoin and payments companies, tying the surge in deal count and capital raised to the passage of the landmark Genius Act stablecoin law, growing institutional adoption, and a rapid increase in cross‑border B2B payments and emerging‑market use of dollar‑backed stablecoins.

AI-generated background, compiled from web sources — not editorial content.

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