Famous Presenter Reports Pump-Dump Incidents in Cryptocurrency to SEC!

Host of CNBC’s “Mad Money” Jim Cramer on yesterday’s schedule to the US Securities and Exchange Commission (SEC) called out.

First Bitcoin (BTC) Drawing attention to the extreme volatility in cryptocurrencies, especially in cryptocurrencies, the famous presenter called on the SEC to solve the pumping and dumping problem in cryptocurrencies.

Jim Cramer stated that the pumping of cryptocurrencies is the most important issue in the market right now and the SEC needs to follow up on this issue urgently.

newly developed cryptocurrency Drawing attention to the multiplicity of his projects, Cramer said that these projects were mostly advertised well at first, supported by the developers, but eventually turned into a fraud event.

“In this context, I think it is vital that the SEC aggressively monitor these changes and events in cryptocurrencies.”

Jim Cramer claims the US congressional mandate to oversee cryptocurrencies has a more moderate approach to crypto than the SEC. To the Commodity Futures Trading Commission (CFTC) He added that he was afraid of giving up.

However cryptocurrencies Stating that the rate of use in illegal acts is high, Cramer emphasized that it would be a mistake to give the authority to supervise cryptocurrencies to the CFTC.

Known for his support of cryptocurrencies, Jim Cramer believes crypto should be only a small part of investors’ portfolios. In his statements, he does not personally recommend allocating more than 5% to cryptocurrencies.