Gary Gensler SEC Chair Securities and Exchange Commission
Gary Gensler became chair of the SEC in April.
  • The SEC warned that cryptocurrencies could still spur significant losses for investors.
  • The warnings comes more than a year after the cryptocurrency market erased $2 trillion in market value.
  • "The only money you should put at risk with any speculative investment is money you can afford to lose entirely," the SEC warned.

Long after a brutal bear market kicked off in cryptocurrencies, the Securities and Exchange Commission is warning investors that cryptocurrency investors are exposed to extreme risks that could ultimately lead to significant losses.