Evelyn Hockstein/Associated Press
- SEC chair Gary Gensler warned investors about the lack of regulation for cryptocurrencies.
- He told Bloomberg TV the sector was rife with "fraud" and "hucksters," leaving investors at risk.
- Gensler said some crypto platforms were "co-mingling and trading against" investors.
The Securities and Exchange Commission chair is continuing to take aim at the cryptocurrency sector despite a legal blow in its battle with the Ripple platform.
The decentralized nature of cryptocurrencies has made regulation a headache for the SEC.
Gary Gensler warned investors Thursday to consider the lack of full regulatory oversight for crypto, which he said was "rife with fraud, rife with hucksters."