U.S. regulators barely corralling feverish bitcoin mania – The Globe and Mail

“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.

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