Bitcoin is a “speculative, volatile asset”, according to the chairman of the Securities and Exchange Commission (SEC). Regulators in the US recently agreed to allow Bitcoin to be part of mainstream investing funds – but Gary Gensler has already issued a warning to investors, insisting that they shouldn’t mistake the approval for an endorsement of the cryptocurrency. Gary Gensler, who is the current chairman of the SEC, said: “Bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing…

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