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According to media sources, The United States Securities and Exchange Commission(SEC) has allegedly disclosed personal and sensitive information like names and email addresses of several active crypto miners associated with Green, a blockchain firm.
Washington Examiner, a popular media outlet, reported on January 17 that the Securities and Exchange Commission unintentionally included around 650 names and email addresses in E-communication with Green as part of the investigation process, leaving nodes vulnerable to hacks.
As per the SEC website, it is noted that “The Privacy Act of 1974 […] prohibits the disclosure without consent of information about individuals that the federal government maintains in a system of records.” it further adds, “If we store information about you in a system of records from which we retrieve that information by personal identifier […] we will safeguard your information in accordance with the Privacy Act.”
Stealing and misusing personal information is quite common nowadays, but mostly but Hackers do these kinds of activities, but leaking information from governmental bodies is uncommon.
A recent report states that Gary Gensler, chairman of The United States Securities and Exchange Commission, recently criticized the cryptocurrencies within the market.
There were many instances in the past when Gensler outspokenly opposed crypto assets, not all of them, though. Recently during a US Army-hosted Twitter space, he put up some advice for investment in cryptocurrencies.
Gensler echoed the general conception of crypto and remained concerned by many about it is highly speculative and an asset class with volatility. Citing the number of cryptocurrencies within the market, he said that most do not comply with laws and regulations. However, he thinks that they should follow them.
According to the SEC chairman, the crypto asset class is generally non-compliant, and as advice to investors, he suggests not to get caught in fear of missing out (FOMO) and jumping to invest in crypto.
Gensler elaborated on the scenario while comparing venture capital and new startups, as they also fail. These ventures have a lot of room for failure but not for “micro currencies” to fail, citing currencies like the US dollar and the European euro.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
