On the agenda of the cryptocurrency market is the SEC’s response to spot Bitcoin ETF applications. Many experts agree that this is now “ok”. However, it remains unclear how such a decision will affect the market. While market players were waiting for a decision from the SEC, SEC Chairman Gary Gensler shared a 3-item warning text. Meanwhile, the SEC has warned investors against FOMO.
SEC Chairman warned cryptocurrency investors!
cryptokoin.comAs you follow from , cryptocurrency market players have their eyes on the SEC. Investors and traders are busy adjusting their positions for a possible spot Bitcoin ETF approval. In the midst of this wait, SEC Chairman Gary Gensler made a post as if to say ‘the sin is gone from us’. “There are some things to keep in mind if you are considering investing in crypto assets,” Gensler said. said. In this context, the SEC Chairman made a 3-item warning:
- Providers of crypto asset investments/services may not comply with applicable laws, including federal securities laws. Investors in cryptoasset securities need to understand that they may be deprived of important information and other important protections in connection with their investments.
- Investments in cryptocurrency assets can also be extremely risky and are often volatile. A number of major platforms and crypto assets have gone bankrupt and/or lost value. Investments in crypto assets continue to be subject to significant risks.
- Scammers continue to take advantage of the growing popularity of crypto assets to lure individual investors into scams. These investments continue to be rife with fraud, including fake coin offerings, Ponzi and pyramid schemes, and outright theft in which a project backer disappears with investors’ money.
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