“Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws,” Gensler posted, advising his followers that there are a number of things to keep in mind about cryptocurrencies. “Fraudsters continue to exploit the rising popularity of crypto assets to lure retail investors into scams,” he added in another post.
Source: https://www.coindesk.com/policy/2024/01/08/as-crypto-world-watches-sec-chair-gensler-says-again-that-sector-is-dangerous/?utm_medium=referral&utm_source=rss&utm_campaign=headlines