SEC Commissioner Warns of Cryptocurrency Regulation in 2021 as Bitcoin ‘Death Cross’ Looms!

SEC Commissioner Hester Peirce is warning investors of potential cryptocurrency regulation in 2021 as the Bitcoin “death cross” looms, a technical indicator signaling a bear market.

At the Securities Regulation Institute, Peirce outlined her concerns about the potential for a “regulatory death spiral” in the crypto space and warned investors to be aware of the risks involved in investing in digital assets.

Peirce expressed her opinion that the SEC should not be in the business of trying to protect investors from themselves, but rather should focus on providing investors with the information and tools they need to make informed decisions about their investments.

“We should be careful not to over-regulate, but also to be careful that we don’t create a regulatory environment that leads to a death spiral,” Peirce said.

Peirce also noted the importance of striking a balance between protecting retail investors and providing the crypto industry with the space to innovate.

The SEC Commissioner’s warning comes as the Bitcoin “death cross” is looming. The “death cross” is a technical indicator that signals an impending bear market, and is caused by the 50-day moving average crossing below the 200-day moving average.

The SEC Commissioner’s warning comes at an important time for the crypto space, as many investors are looking to digital assets as a safe haven amid the uncertainty of the COVID-19 pandemic. Investors should be aware that there could be potential regulation coming in 2021, and should use caution when investing in digital assets.

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