The United States Securities and Exchange Commission (SEC) has reissued a warning about FOMO crypto investing — jusdays ahead of the anticipated approval of spot Bitcoin (BTC) exchange-traded funds. 

In a Jan. 6 post to X (formerly Twitter), the SEC’s Office of Investor Education again warned retail investors of the risks associated with digital assets, including meme stocks, cryptocurrencies, and nonfungible tokens (NFTs).

One of the first appearances of the “Say no go to FOMO” blog post came on Jan. 23, 2021, amid a roaring crypto and equities bull market that saw Bitcoin, Ether (ETH), and many other altcoins reach new all-time highs by November 2021. The warning was reu around March 2022.

#SECInvestingResolution 5: Say “NO GO to FOMO” (fear of missing out). Just because others might buy a particular investment, doesn’t mean it’s the right opportunity for you. Learn more about finding out what’s right for you and your investing goals: https://t.co/fixDWoNFrF pic.twitter.com/SGf1z6xmhL

— SEC Investor Ed (@SEC_Investor_Ed) January 6, 2024

Several users across social media theorized the report could suggest the SEC is soon to approve one or more spot Bitcoin ETFs, which is currently awaiting a decision sometime before a Jan. 10 deadline.

The warning mentioned celebrities and athletes promoting crypto assets, urging investors not to make financial decisions simply because popular figures were touting an investment oppo

Go to Source to See Full Article
Author: Tom Mitchelhill

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details