Gary Gensler Shares Cryptocurrency Investment Thread
Gary Gensler posted a thread about investing in cryptocurrencies. But there’s nothing new there.
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Gary Gensler posted a thread about investing in cryptocurrencies. But there's nothing new there.
He points out that service providers might not be adhering to the existing securities laws.
The risks associated with investing in crypto assets are emphasized as being extremely high.
He highlights the ongoing issue of fraudsters leveraging the increasing popularity of crypto assets to scam retail investors.
Interestingly, this might be a sign, as the thread resembles a preparatory caution for newcomers who may be considering entering the cryptocurrency market, especially with the potential approval of a spot Bitcoin ETF on the horizon.
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