Bitcoin: Beware of ‘speculative’ BTC, warns SEC’s Gensler

In a recent candid conversation with Bloomberg, Securities and Exchange Commission Chairman Gary Gensler unveiled his apprehensions regarding the volatile nature of cryptocurrencies, notably Bitcoin and Ether.The comment outlined the rollercoaster-like price swings and also shed light on the SEC’s stance in this dynamic landscape.Amid mounting concerns over the reliability of cryptocurrency investments, Gary Gensler’s recent warnings proved timely.

“How firm is the foundation of that? You know, you get to the top of that hill. How is the foundation underneath it?” In conclusion, despite repeated inquiries, particularly regarding Ethereum’s regulatory classification, he said it depends on, “The facts and circumstances as to whether the investing public is anticipating a profit based on the efforts of others.”Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.Subscribe to get it daily in your inbox.

Source: Digital Coin News (digitalcoinnews.net)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Solana stands to benefit from NVIDIA and the AI hypeThe NVDA meme token on the Solana network experienced an astounding surge, propelled by speculative enthusiasm.
Source: CryptoAmb - 🏆 22. / 68 Read more »

407 ETR warning customers to beware of fraudulent textsFraudsters are pretending to be 407 ETR to lure you into a scam. 407 ETR is urging customers to beware of phishing scams involving text messages asking you t
Source: DurhamRadioNews - 🏆 70. / 51 Read more »

Bitcoin: Is following BTC whales even profitable?Whales trading Bitcoin at $40.5K missed profit opportunities, potentially causing short-term downward pressure.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Gold-backed ETFs see outflows as Bitcoin gains investment demandThe debate between gold and Bitcoin intensifies as gold-backed ETFs experience outflows while Bitcoin gains investment demand.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Bitcoin whales are ‘buying the dip,’ but should you follow?Bitcoin large holders have actively accumulated the coin despite the recent correction in the coin’s price after trading at a new...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin, ETFs, and BlackRock: Michael Saylor gives his insightsMicroStrategy CEO offered insightful reflections on Bitcoin trajectory and addressed apprehensions about BlackRock's in the crypto market.
Source: CryptoAmb - 🏆 22. / 68 Read more »