“Bitcoin is unregulated and has risks related to fraud or manipulation which concerns the SEC.
Regulators’ skepticism and caution surrounding bitcoin and cryptocurrency is long-standing and deep-rooted.
a bit of the Wild West,” SEC Chairman Gary Gensler told Yahoo Finance on Monday, stressing that the global $2.5 trillion crypto market is mostly unregulated.
Futures don’t track spot prices exactly, so investors could miss out on perhaps 5% to 10% of the upside over the course of a year, according to some analysts.