The SEC has issued a warning about scams involving "crypto asset securities" while apparently dropping this term
The post, which was originally published in May, described various fraud schemes that are typically used to target cryptocurrency investors.
Crucial Bitcoin Price Test Incoming, Dogecoin Bullish Breakthrough Begins, Solana Aims for $150, But There's Silver LiningSuch schemes are known as"pig butchering scams." As reported by U.Today, the FBI also recently issued a warning about such schemes. Notably, the proliferation of AI has also led to bad actors increasingly relying on emerging technology. The latest AI tech makes it possible to realistically alter the voices of famous people. As reported by U.
Now, the SEC has apparently dropped the controversial term"crypto asset security" after using it in its most recent investor alert. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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