From Nasdaq:

SEC Chair Gary Gensler warns investors to be cautious when considering crypto assets due to potential risks involved. Emphasizes lack of regulatory oversight and warns against celebrity endorsements and hype-driven investments.
Lori Schock of the SEC Office of Investor Education and Advocacy cautions against fraudulent schemes and high-pressure tactics in the crypto market, urging investors to prioritize long-term financial goals and diversify their investments.
The crypto community criticizes Gensler’s warnings as a sign of an imminent approval of Bitcoin ETF, expressing skepticism about the real risks. Gensler’s remarks have sparked controversy and debate within the crypto sphere, with some questioning the timing of his statement in the lead-up to the ETF decision.



Read more: Gary Gensler Warns Of ‘Serious Risks Involved’ In Crypto Investing, Bitcoiners Point To 10-Figure Return On Investment