Gary Gensler Issues Cryptocurrency Warning Amid Bitcoin ETF Decision

Gary Gensler Issues Cryptocurrency Warning Amid Bitcoin ETF Decision

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s recent cryptocurrency warning coincides with major asset managers filing for Bitcoin ETF approval, signaling scrutiny from the regulator.

U.S. Securities and Exchange Commission Chairman Gary Gensler recently issued a series of warnings via Twitter posts urging potential investors in crypto assets to be aware of the risks and regulatory environment.

in his WireGensler said, “Those who provide crypto-asset investments/services may not comply with applicable laws, including federal securities laws.” He emphasized that investors in crypto-asset securities may be deprived of critical information and necessary protections.

While Gensler’s post did not explicitly discuss the pending Bitcoin ETF proposal, its timing raised concerns among the crypto community. Just hours ago, major asset managers including BlackRock, ARK 21Shares, VanEck and others filed revised S-1 forms, seen as the final possible step before SEC approval.

The SEC’s decision relies on revised Form 19b-4s filed by exchanges such as Nasdaq, the New York Stock Exchange and the Chicago Board Options Exchange. If approved, the transaction can begin at the same time that the S-1 form becomes effective. A decision is expected in the coming days, especially since the SEC has a Jan. 10 deadline to respond to filings like Cathie Wood’s ARK Investment and 21Shares.

Despite speculation surrounding the impending decision, Gensler’s recent comments did not provide any clear insight into his stance on Bitcoin ETFs. Many believe that Gensler’s warning against cryptocurrency investments could mean that a Bitcoin ETF will soon be approved.


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