According to BlockBeats, on January 8, SEC Chairman Gary Gensler issued a risk warning on social platforms, reminding crypto investors that those who provide crypto asset investments/services may not comply with applicable laws, including federal securities laws. He emphasized that investors in crypto asset securities should be aware that they may be deprived of key information and other important protections related to their investments. In addition, crypto asset investments can be extremely risky and volatile. Gensler also said that fraudsters use the popularity of crypto assets to lure retail investors into scams such as fake token issuance, Ponzi schemes, pyramid schemes, and blatant thefts where project sponsors disappear with investors' money.