With at least 11 Bitcoin ETFs pending approval by the U.S. Securities and Exchange Commission, agency chair Gary Gensler warned investors about investing in cryptocurrency on Monday.

“Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws,” Gensler wrote on Twitter. “Investors in crypto asset securities should understand they may be deprived of key info & other important protections in connection w/ their investment.”

In December, Gensler said the SEC would take a “new look” at Bitcoin ETFs. BlackRock, Grayscale, Ark, iShares, Bitwise, VanEck, Wisdomtree, Invesco, Fidelity, and Franklin have ETFs under review.

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Author: Jason Nelson

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