SEC Chair Gensler warns on investing in digital assets after crypto meltdown
crypto-asset market, or they could lose trust, US Securities and Exchange Commission Chair Gary Gensler said on Monday
By Arghyadeep Dutta
Published - May 16, 2022, 07:23 PM ET
Last Updated - Feb 27, 2024, 07:48 AM EST
• Gensler said investors are not well protected
• Investors do not get disclosures when they invest in digital asset
Investors need more protection in “the highly speculative” crypto-asset market, or they could lose trust, US Securities and Exchange Commission Chair Gary Gensler said on Monday.
“We have this basic bargain: You, the investing public, can make your choices about the risk you take, but there is supposed to be full and fair disclosure, and people are not supposed to lie to you,” Gensler said at the Financial Industry Regulatory Authority’s (FINRA) annual conference in Washington.
