SEC Chairman Gary Gensler has recently issued a series of cautions regarding cryptocurrency investments, coinciding with major financial institutions applying for Bitcoin ETF approval, indicating heightened regulatory attention.
Gensler, in a recent Twitter thread, cautioned potential crypto investors to be aware of the risks and the regulatory framework. He highlighted that those offering crypto asset investments or services might not be complying with the law, including federal securities laws, potentially leaving investors without crucial information and protections.
Although Gensler's comments did not directly mention the ongoing Bitcoin ETF applications, their timing, close to major asset managers like BlackRock, ARK 21Shares, VanEck, and others submitting amended S-1 forms, was notable. This is seen as a possible final step
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First found on: SEC Chairman Gensler Issues Crypto Warnings
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