SEC Chairman Gary Gensler listed three ways to identify a fraudulent cryptocurrency project

SEC Chairman Gary Gensler listed three ways to identify a fraudulent cryptocurrency project

Gensler listed three signs of a potential scam:

-The project doesn't have clear documentation of how it operates and plans to achieve its goals; -The company does not demonstrate regulatory compliance; -The founders of the project can't explain in simple terms what the project is all about.

The head of the SEC cautioned listeners against offering high returns and calling for rushed investments with reference to FOMO. He reminded them that he considers most digital assets to be unregistered securities.

Previous postThe Polygon token's price is up 48% this year
Next postBitcoin mining difficulty hits new all-time high with 4.7% rise

Cookies Settings

We use cookies to personalize content and advertising, to provide social media features, and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners, who may combine it with other information. By continuing to use the site, you consent to the use of Cookie files.