High-yield crypto accounts putting investors at risk

Risky venture: Gensler has repeatedly lamented the insufficient protections for crypto investors. Fortunately, the SEC has started to take steps to address the issue. — Reuters

US Securities and Exchange Commission (SEC) chairman Gary Gensler has repeatedly said the crypto markets are like the “Wild West,” with insufficient protections for investors.

A presidential working group has cautioned that some crypto platforms were allowing investors to make risky high-leverage bets.