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Is Bitcoin racist? SEC claims ‘unsophisticated’ minority investors losing large amounts of money

United States regulators such as the Securities Exchange Commission have long warned against Bitcoin and other cryptocurrencies, but now there is another reason to crack down on the investments. According to a new letter sent to SEC chairman Gary Gensler, cryptocurrencies have led “unsophisticated investors,” including “many minorities,” to lose significant amounts of money. “As […]