Gensler Warns About Crypto Lenders Offering High Returns
- SEC chief reiterates concerns over interest-rate pledges
- Bitcoin plunged to lowest since December 2020 on Tuesday
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Gary Gensler has a message for people pouring money into crypto on promises of high returns: beware.
The US Securities and Exchange Commission chief on Tuesday repeated his warnings over lending platforms. Gensler said investors need to be wary of claims of double-digit interest rates.