U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler once again issued a warning to investors looking to buy cryptocurrencies, a day ahead of the agency’s expected move to decide whether to approve a Bitcoin exchange-traded fund. I did.
“If you are considering investments involving crypto assets, be careful,” Gensler posted on X Tuesday morning. “Crypto-asset securities may be marketed as a new opportunity, but they also carry significant risks.”
Gensler included the following link: post The SEC’s Office of Investor Education and Advocacy titled the post “Thoughts on Buying the Latest New Cryptocurrency or Token,” along with an image of Bitcoin. It was not immediately clear when the post was published.
“I can’t tell you how many people come to me asking if they should invest in Bitcoin,” Laurie Schock, director of the SEC’s Office of Investor Education and Advocacy, said in the post.
second warning
This is Gensler’s second record. warning This week for cryptocurrency investors. On Monday, Gensler posted several posts. These tips provide “things to keep in mind” for cryptocurrency investors.
“Investing in cryptocurrency assets can be very risky and often subject to high volatility.” wrote in the post On Monday “Many major platforms and cryptocurrency assets have become insolvent or have lost value. Investments in cryptocurrency assets continue to be subject to significant risk.”
Neither post specifically mentions spot Bitcoin ETFs, but they come at an interesting time as asset firms are working to gain SEC approval to begin trading spot Bitcoin ETFs as soon as possible. thursday.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. She was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.