U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these products are based on a “highly speculative volatile underlying asset: bitcoin.” […]
Source: https://news.bitcoin.com/sec-chair-gary-gensler-insists-crypto-field-is-rife-with-abuses-and-fraud/
SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
