NEGATIVE STATEMENTS FOR CRYPTO!

#SEC President Gary Gensler stated that many cryptocurrencies can be legally classified as securities, but investors have difficulty accessing the necessary disclosures on this subject. Gensler emphasized that this situation carries the risk of not adequately protecting investors and stated that the cryptocurrency market needs more regulation.

Such statements point to ongoing debates about the legal status of cryptocurrencies and regulations in this area and indicate the need for greater transparency and openness between investors and market regulators.

Although this statement made by Gary Gensler is negative for the crypto market, it no longer has much impact due to Gensler's constant negative comments for $BTC and other cryptocurrencies.