SEC Chair Gensler Warns of Crypto Risks: What It Means for Investors
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently released a cautionary statement on social media regarding cryptocurrencies. He specifically drew attention to the growing popularity of meme coins such as Dogecoin, Shiba Inu, and PEPE, which are sponsored by celebrities. Gensler questioned the SEC’s intentional tactic of issuing warnings during important crypto legislative discussions in Congress. Gensler’s position has provoked criticism from the crypto industry,