Categories: MarketsMenafn

Gary Gensler’s Crypto Insights Unveiled in X Thread

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler penned a post two days before the Bitcoin ETF approval deadline. 

In his messages, Gensler highlighted concerns that cryptocurrency companies might not comply with relevant securities laws, potentially depriving investors of essential information and necessary protections.

What is Gary Gensler thinking?

Gensler underscored the considerable risks and volatility associated with investing in crypto assets, cautioning that cryptocurrency exchanges and tokens can face financial challenges. 

Additionally, he emphasized the persistent threat of scammers using cryptocurrency to deceive and defraud investors, with fraudulent schemes thriving in the crypto market.

https://twitter.com/GaryGensler/status/1744383654174900440?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

The SEC issued a cautionary message to investors on Jan. 6, urging them to exercise vigilance and avoid succumbing to the “fear of missing out” (FOMO) phenomenon. The warning underscores the potential risks of investing in the crypto market, encompassing both cryptocurrencies and NFTs.

As per the regulator, the optimal strategy to safeguard oneself during market fluctuations involves crafting an investment portfolio incorporating diverse assets such as stocks, bonds, and cash.

Additionally, the SEC asserts that allocating securities to specific industry sectors is a more effective approach.

On Jan. 8, companies updated their filings, disclosing their commission details.

Here are the proposed commission rates by various firms:

  1. Grayscale has set a record rate of 1.5%, while other competitors offer more attractive terms.
  2. ARK suggests a 0.25% commission for the first 6 months or until Assets Under Management (AUM) reaches $1 billion, remaining at 0%.
  3. BlackRock proposes 0.3%, which reduces to 0.2% during the first year or until AUM reach $5 billion.
  4. Bitwise chooses a 0.24% commission with a 6-month 0% period.
  5. VanEck and Galaxy offer a fixed rate of 0.25%, with Galaxy including a 6-month 0% period or until AUM hits $1 billion.
  6. WisdomTree sets the rate at 0.5%.
  7. Fidelity proposes a commission of 0.39%.
  8. Valkyrie suggests a rate of 0.8%.
  9. Hashdex proposes a commission of 0.9%.
  10. Franklin Templeton sets the rate at 0.29%.
Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

<div>Delta Exchange: Pioneering INR-Settled Crypto F&O Trading in India</div>

In the last three months of the year, trading volumes for cryptocurrencies like Bitcoin and…

21 hours ago

Pi Network’s Token Sheds 75% in Three Months as Skepticism Grows

The Pi Network (PI) has plummeted over 75% in the past three months, collapsing from…

1 day ago

Chummy Tees Review Rising Trends in the Funny T-Shirt Industry

Sonora, California, 30th March 2025, ZEX PR WIRE, As humor continues to shape popular culture,…

2 days ago

UBX Powers UBC’s 15x Surge: AI and DePIN Innovation Reshaping Crypto Investments

Singapore, 30th March 2025, ZEX PR WIRE, Recently, the native token UBC issued by the…

2 days ago

Tether Eyes U.S. Stablecoin Launch Amid Regulatory Tailwinds

Tether is weighing a crucial entry into the U.S. domestic stablecoin market as CEO Paolo…

5 days ago

Ripple Partners with Chipper Cash to Expand Crypto-Powered Payments in Africa

Ripple has joined forces with African payments firm Chipper Cash to bolster crypto-enabled cross-border payments,…

5 days ago