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US SEC chair Gensler says investors should beware of crypto returns that seem "too good to be true"

From finance.yahoo.com

U.S. Securities and Exchange Commission (SEC) Gary Gensler said on Tuesday that investors should beware promised returns from crypto lending platforms and products that seem "too good to be true." The Wall Street watchdog's comments come a day after the world's largest cryptocurrency fell 15% on Monday, its sharpest one-day drop since March 2020. Bitcoin, which steadied on Tuesday, had earlier hit a new 18-month low as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. "We've seen again that lending platforms are operating a ... (full story)

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