The number of cryptocurrency investors is increasing, and so is the amount of money they invest. However, worldwide, crypto investors face a large loss. The United States Congress, on the other hand, will not stand idly by as U.S. crypto investors are ruined completely. Senator Elizabeth Warren (D-MA) urges the Securities & Exchange Commission (SEC) to act. With that said, Congress and Wall Street continue to wait for further action from the SEC amid the cryptocurrency crash.
Congress and Wall Street call on Gensler to take action on crypto
Not only are members of Congress perplexed, but so are analysts as to why SEC Chairman Gary Gensler has not been more aggressive. While the Bitcoin market works to establish a bottom in the current bear market, the Fear and Greed Index consistently hovers around extreme fear levels. For 72 days, the index has been stuck in exceptionally negative sentiment.
Fear & Greed Index: we have now had the longest ever period of Extreme Fear…70days!!!
Congress and Wall Street call SEC to action amid the crypto winter
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