SEC chairman Jay Clayton urges investors to exercise ‘extreme caution’ around ICOs
America’s chief financial regulator is warning investors against cryptocurrency scams. SEC chairman Jay Clayton released an official statement today urging caution on cryptocurrency and initial coin offerings. “If an opportunity sounds too good to be true,” the statement reads, “or if you are pressured to act quickly, please exercise extreme caution.” Clayton also cautioned that no ICO has been registered with the SEC and that any trading of cryptocurrencies should be done with a considerable amount of care.
Clayton’s comments come as bitcoin is rapidly gaining value, attracting attention from more traders hoping to cash in. On November 29th, bitcoin passed $10,000 in value, a more than 933 percent surge from the beginning of the year….
You may be interested
You can easily disassemble this repairable smartwatch using just a Phillips screwdriver
admin - Nov 22, 2024[ad_1] The Spectra is a new smartwatch designed from the ground up to be hackable and easy to repair. It…
Ed Sheeran 'helped Ipswich sign player' before appearing with Taylor Swift
admin - Nov 22, 2024[ad_1] Ed Sheeran helped Ipswich Town to sign a player over the summer just before getting on stage with Taylor…
Strava closes the gates to sharing fitness data with other apps
admin - Nov 20, 2024[ad_1] We wanted to provide some additional context around the changes to our API Agreement and the impact for our…
Leave a Comment
You must be logged in to post a comment.
Featured Post
