Head of SEC warns customers of crypto companies

 

The head of the SEC, Gary Gensler, has released a new video calling for investors to be aware of digital asset businesses breaking securities laws.   The video comes at a time when U.S. regulators are heavily criticizing the industry. Gensler expressed concern about the lack of investor protection in the cryptocurrency market. He called for increased regulation of cryptocurrency exchanges and other market participants. Gensler emphasized the need for clear rules and guidelines to prevent fraud and manipulation in the industry. He suggested that cryptocurrency platforms could be brought under the SEC's regulatory umbrella. Gensler also called for greater transparency in the cryptocurrency market, particularly with regard to the identity of buyers and sellers.