#SEC has pushed investors into 'toxic' #crypto products and #FTX

According to Cameron Winklevoss, co-founder of Gemini, the US securities regulator has been pressuring investors into "toxic" and "unregulated" crypto products for the past ten years.

The Winklevoss twins criticised the U.S. Securities and Exchange Commission (SEC) on July 2 for continuing to reject spot #Bitcoin exchange-traded funds, noting that it has been 10 years since they first requested that the regulator approve their own #ETF.

“The SECGov's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator.”