SEC Chairman Warns Investors Against Bitcoin - WSJ

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SEC Chairman Warns Investors Against Bitcoin - WSJ

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WASHINGTON—Wall Street’s top regulator on Monday raised alarms about the money flooding into bitcoin trading and other cryptocurrency markets, warning the red-hot corner of less-regulated finance is burning with risk for retail investors.

Securities and Exchange Commission Chairman Jay Clayton issued a lengthy statement spelling out his concerns about bitcoin, which the agency doesn’t regulate, and other deals that piggyback off excitement about the cryptocurrency. The SEC has come down particularly hard on initial coin offerings,...

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