Two Democrat Senators Ask SEC’s Gensler to Block Approval of More Crypto ETPs

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Two Democrat Senators Ask SEC’s Gensler to Block Approval of More Crypto ETPs

“Brokers’ communications falsely equated cryptocurrency with cash; in others, they provided misleading explanations of cryptocurrency’s risks,” they wrote. “These alarming deficiencies raise significant concerns that brokers and advisers may now provide incomplete and deceptive information about bitcoin ETPs to retail investors.” www.coindesk.com

“Brokers’ communications falsely equated cryptocurrency with cash; in others, they provided misleading explanations of cryptocurrency’s risks,” they wrote. “These alarming deficiencies raise significant concerns that brokers and advisers may now provide incomplete and deceptive information about bitcoin ETPs to retail investors.”

www.coindesk.com

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