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In a post to X (formerly Twitter), US Securities and Exchange Commission (SEC) Chair Gary Gensler has called out “Fraudsters” who continue exploiting crypto. Specifically, the agency’s chairman noted that digital assets can still constitute a risky and volatile investment option. The statement arrives as many expect a Spot Bitcoin ETF to find its first approval in the United States this week. Indeed, Bloomberg recently upgraded its projection, anticipating a 95% change an approval is granted. Moreover, many expect such an approval to be made public by Wednesday. JUST IN: 🇺🇸 SEC Chair Gary Gensler says "fraudsters continue to exploit crypto assets…to lure retail investors into scams." — Watcher.Guru (@WatcherGuru) January 8, 2024 Also Read: US Congressman Emmer Co-Signs Bill To Fire SEC’s Gary Gensler SEC Chair Gensler Calls Out “Risky” Digital Asset Investment Amid Bitcoin ETF Hype The rather tumultuous r...

In an unprecedented show of unity, members of Congress from both sides of the aisle have joined forces to send a resounding message to Securities and Exchange Commission (SEC) Chair Gary Gensler. Their collective plea: the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) and an end to discriminatory practices within the cryptocurrency market. These influential letters, dispatched before Gensler’s pivotal appearance before the House Financial Services Committee, underscore the dire need for equitable treatment and heightened investor protection within the burgeoning crypto landscape. The first missive, bearing the signatures of representatives Tom Emmer, Mike Flood, Wiley Nickel, and Ritchie Torres, highlights the SEC ’s weighty responsibility. They stress that the SEC must guarantee the fulfillment of Investor Protection standards while facilitating access to cutting-edge investment instruments. These lawmakers reference the recent Grayscale vs. SEC case, whe...