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SEC chair offers double dose of crypto investment advice ahead of possible spot Bitcoin ETF approvals
As the gap for spot Bitcoin exchange-traded funds (ETFs) continues to narrow, all eyes are peeled on the US Securities & Exchange Commission (SEC) with markets anticipating a decision on ETF approvals this week. The chair of the commission, Gary Gensler, is a person of interest on the subject, with the buck stopping with him to break the news even as the commissioners prepare for a vote, according to Reuters.
Gary Gensler warns of crypto investment risks ahead of possible spot Bitcoin ETF approvals
In a January 8 post on X, Gensler articulated the risks associated with investing in cryptocurrency, citing dangers related to market volatility, platform incompliance, and fraud, while reiterating how crypto platforms have become insolvent.