SEC Chair Gensler Cautions About Crypto Investing — Warns 'Thousands' of Crypto

[sirty143]

SEC Chair Gensler Cautions About Crypto Investing — Warns 'Thousands' of Crypto Tokens May Be Securities

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned about crypto investing. “This is a highly speculative asset class. One could just look at the volatility of bitcoin in the last few days,” he stressed... See more for yourself here.

Your opinion is greatly appreciated.

[gunhell16]

SEC Chair Gensler Cautions About Crypto Investing — Warns 'Thousands' of Crypto Tokens May Be Securities

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned about crypto investing. “This is a highly speculative asset class. One could just look at the volatility of bitcoin in the last few days,” he stressed... See more for yourself here.

Your opinion is greatly appreciated.

Honestly speaking, when I read articles like that, especially Gensler's saying, I don't believe that person because that idiot doesn't know anything about cryptocurrency. I'm just talking about real talk. It's just that before, when a lawmaker in the US asked him about XRP or ETH, he couldn't answer whether ETH was security or not; he was on fire at the lawmaker who asked him.

Then here he is making noise again about that matter. Bitcoin has been around for 14 years, and altcoins have been around for over a decade, but he has not proven anything in what he says. Although many cryptocurrencies can be said to be really high-risk, these are the altcoins that are not in the top 100 in the listing market.

[Z-tight]

This is not new again, Gary Gensler has been saying this for a long time now, many cryptocurrencies are securities and crypto is highly speculative and risky, but many people know this already and most assets and investments are also risky.

BTC is surely not a security, and it has its usefulness in society, different from many coins that survive for a very short time only, so people buying crypto should go for coins that are useful and have real demand that is not from hype alone.