Social media users have pointed out that the regulator's “no go to FOMO” warning comes amid heightened anticipation over spot Bitcoin ETF approvals.
The United States Securities and Exchange Commission (SEC) has reissued a warning about FOMO crypto investing — jusdays ahead of the anticipated approval of spot Bitcoin (BTC) exchange-traded funds.
In a Jan. 6 post to X (formerly Twitter), the SEC’s Office of Investor Education again warned retail investors of the risks associated with digital assets, including meme stocks, cryptocurrencies, and nonfungible tokens (NFTs).
One of the first appearances of the “Say no go to FOMO” blog post came on Jan. 23, 2021, amid a roaring crypto and equities bull market that saw Bitcoin, Ether (ETH), and many other altcoins reach new all-time highs by November 2021. The warning was reu around March 2022.
