Gary Gensler, departing SEC Chairman, criticized the cryptocurrency industry as "rife with bad actors" during a Bloomberg TV interview, reflecting on his tenure marked by approximately 100 enforcement actions against fraud. He emphasized that most of the 10,000 to 15,000 crypto projects are unlikely to survive, likening them to venture capital investments. Gensler's strict regulatory stance has drawn skepticism from the crypto industry, which argues that compliance is challenging under existing frameworks. In a separate development, Elixir is partnering with Securitize to provide institutional access to decentralized finance for Hamilton Lane’s private credit fund, utilizing its stablecoin, deUSD, to enhance liquidity and composability for real-world assets.