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In a post to X (formerly Twitter), US Securities and Exchange Commission (SEC) Chair Gary Gensler has called out “Fraudsters” who continue exploiting crypto. Specifically, the agency’s chairman noted that digital assets can still constitute a risky and volatile investment option.

The statement arrives as many expect a Spot Bitcoin ETF to find its first approval in the United States this week. Indeed, Bloomberg recently upgraded its projection, anticipating a 95% change an approval is granted. Moreover, many expect such an approval to be made public by Wednesday.

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