The United States Securities and Trade Commission warned investors on Thursday about their inability to help those who’ve lost money investing in digital currencies.
Sec Restates Cryptocurrency Worries
It’s not a secret that the SEC is very wary about Bitcoin and crypto-currencies in general, and today they restated their concerns. They’ve advised investors to exercise caution when dealing with digital assets such as Bitcoin, outlining that there is nothing State level or even Federal level regulators can do to help the victims of scams. Bitcoin’s history is rife with hacks and theft, but with new money entering the space the warning needed to be restated