Gary Gensler Repeats Crypto Caution as Bitcoin ETF Anticipation Builds

SEC Chair Gary Gensler Warns Investors About Cryptocurrency Risks

Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), took to Twitter on Monday to warn investors about the risks associated with investing in cryptocurrency. Gensler cautioned that those offering crypto asset investments may not be complying with applicable laws, including federal securities laws. He emphasized that investors should understand that investing in crypto asset securities could leave them deprived of vital information and important protections. This warning comes as the SEC reviews several Bitcoin exchange-traded fund (ETF) applications.