SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’

U.S. Securities and Alternate Fee (SEC) Chairman Gary Gensler has reiterated that the crypto trade is stuffed with situations of abuse and fraud, citing a big variety of bankruptcies lately. He additionally cautioned buyers in spot bitcoin exchange-traded funds (ETFs) that these merchandise are based mostly on a “extremely speculative risky underlying asset: bitcoin.” […]



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