SEC Issues New Cryptocurrency Warning: ‘If You Lose Money, We Can’t Get It Back’

As you're probably aware, authorities are just as confused about cryptocurrencies as everyone else is. The U.S. regulatory apparatus has demonstrated the same schizophrenia with regard to how to approach Bitcoin and other digital currencies as that exhibited by Wall Street, with the latter looking ready to take the plunge one minute (see Goldman's mad dash to launch a crypto trading desk) and gun shy the next (see Merrill's ban on trading in GBTC and Bitcoin futs). Although the CFTC gave the g