Scary Announcement from SEC Chairman Gary Gensler

SEC Chairman Gary Gensler has announced that investing in cryptocurrencies carries high risks and investors could face serious losses.

SEC Chairman Gary Gensler has announced that investing in cryptocurrencies carries high risks and investors could face serious losses.

In a speech, Gensler stated that “price fluctuations in cryptocurrencies can be very high and investors should conduct research in a risk-free manner before investing.”

Highlighting that popular cryptocurrencies such as Bitcoin as well as other digital assets also carry high volatility risk, Gensler emphasized that investors should understand the factors that can impact the prices of cryptocurrencies and assess potential risks.

The SEC Chairman also stressed that cryptocurrencies pose risks to safety and consumer protection and that they must comply with existing regulatory frameworks and provide transparency in the market.

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