Crypto volatility closely watched by regulators (MarketWatch)

Regulators seem to be moving closer to proposing oversight measures for the cryptocurrency markets. While this has been mulled over for some time, more frequent volatility in cryptocurrencies has increased concerns that greater investor protection regulations are needed. FrontLine’s Founder and President, Amy Lynch, points to how especially Bitcoin’s price fluctuation is influenced by public comments, which indicates a speculative investment. Providing the lead quote, Ms. Lynch states that public comments that in turn create losses for investors in virtual assets are a main concern for regulators. SEC Chairman Gary Gensler has indicated potential new rulemaking and enforcement actions related to risk areas of the market, including the cryptocurrency markets. See MarketWatch, “Crypto investor-protection talk heats up but lawmakers hope to allow buyers to ‘dogecoin to their heart’s content'”