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Cryptocurrency Winners and Losers 2024
In a year marked by significant changes in the cryptocurrency market, some individuals have emerged as winners while others have seen their fortunes dwindle. In this piece, we will highlight those who have made it big in 2024 and those whose year has been marred by controversy or failure.
Winners:
None
This year, unfortunately, there are no notable winners to report. However, we must acknowledge the resilience of the Binance compliance chief Tigran Gambaryan, who endured a grueling ordeal at the hands of Nigerian authorities before finally being released and returning home for treatment.
Losers:
Gary Gensler: With President-elect Joe Biden set to take office in November, it’s likely that Gary Gensler’s days as Chairman of the Commodity Futures Trading Commission (CFTC) are numbered. His stance on regulating cryptocurrency has been a major point of contention within the community, and it seems inevitable that he will be replaced or demoted.
Tigran Gambaryan: Although Gambaryan is not directly responsible for his plight, being arrested in Nigeria due to trumped-up tax evasion charges, he still lost this year. His ordeal was a testament to the challenges of operating in foreign jurisdictions without adequate support from one’s own government.
Craig Wright: Known as Satoshi Nakamoto, Wright has been involved in various lawsuits and controversies throughout the years. This year proved to be his nadir, with multiple losses in court and a significant financial burden. He will go down in history as having spent £10 million ($12 million) on a failed lawsuit.
In conclusion, 2024 has not been kind to many individuals in the cryptocurrency space. It is essential for all players to learn from their mistakes and adapt to the rapidly evolving regulatory landscape to ensure a brighter future for the industry.
Source: fullycrypto.com
