The bulletin from the SEC on Thursday comes more than a year, as bitcoin, ethereum, and thousands of other crypto tokens plummeted as the Federal Reserve aggressively hiked interest rates and sparked a risk-off environment among investors.
The SEC also highlighted that not only are crypto tokens extremely speculative and risky, but many of theThat risk was on full display late last year afterAnd the warning comes just one day after, indicating the largest US cryptocurrency exchange could be sued by the agency for potential securities violations related to its asset listings and staking products.
The fact that no crypto exchanges are registered with the SEC means investors in crypto"may not benefit from rules that protect against fraud, manipulation, front-running, wash sales, and other misconduct," the SEC warned.
Seems they need money back in the banks…is it safe there?
Just cryptomarkets right...wait...
SEC is now financial advisor also?
Technically only 1.7 trillion left the market at current market capitalization fyi I was here at 100 billion Market capitalization