SEC's Actions Against Coinbase and Crypto Industry Cause Concern for Investors.

The Securities and Exchange Commission (SEC) has warned investors that cryptocurrencies remain highly speculative and risky, and that the platforms used to buy them may lack important protections for investors. The SEC also highlighted that fraud remains rampant in the crypto industry. The warning comes just one day after the SEC sent a Wells notice to Coinbase, indicating the largest US cryptocurrency exchange could be sued by the agency for potential securities violations related to its asset listings and staking products.