ASIC's Longo pledges action against certain ‘high-risk’ crypto products

The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base.
Source: ASIC's Longo pledges action against certain ‘high-risk’ crypto products (https://cointelegraph.com/news/asic-s-longo-pledges-action-against-certain-high-risk-crypto-products)
Would appreciate your opinion about this