Four years after praising Algorand as a “great technology” SEC chair Gary Gensler declared its token, ALGO, was an unregistered security.
Other critics choose to mock the situation at hand, highlighting the price decline of ALGO which has seen a 93.8% decline since its launchIf you bought $100 of Algorand when Gensler told you they could build Uber on it you would now have $5It should be noted that ALGO didn't hit the market until late June 2019, two months after Gensler's speech.
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