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SEC Chief Gensler Issues Crypto Warning. What Could It Mean?
Alex Dobnya
SEC Chief Gary Gensler Removes Cryptocurrency Investor Warning from May on His Social Media Profile
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U.S. Securities and Exchange Commission chief Gary Gensler recently republished a warning for cryptocurrency investors.
AS reported by U.TodayThe scam warning was originally issued by the agency in May.
The SEC said that bad actors tend to exploit innovative technologies to promote investment scams.
In its recent investor alert, the agency specifically mentioned celebrity meme coins, following their growing popularity.
“The SEC conveniently issues these ‘warnings’ (or more specifically, reissues the same one) whenever something major happens in Congress in the cryptocurrency space that they don’t like,” Alexander Grieve, head of government relations at the well-known venture capital firm Paradigm, said in a social media post on the social network X.
According to Grieve, such posts may coincide with “the release of a cryptocurrency bill by some senators.”
In May, the SEC chief also warned that many cryptocurrencies are unregistered securities.
The head of the highly influential regulatory agency has drawn a lot of criticism from within the cryptocurrency industry due to his seemingly hostile stance towards digital assets. As reported by U.TodayRipple CEO Brad Garlinghouse recently criticized Gensler as “the Luddite of his time.”
Meanwhile, former Gensler aide Slavkin Corzo may end up lobbying for cryptocurrency firms after joining company policy Mindset.
About the author
Alex Dobnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader, and journalist with extensive experience covering everything from price analysis to Blockchain disruption. Alex has written over 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets and can be reached at alex.dovbnya@u.today.