Thursday, July 10, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’ – Featured Bitcoin News

by Kevin Helms
December 25, 2022
in Cryptocurrency
Reading Time: 4 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


The host of Mad Money, Jim Cramer, says he would not touch crypto in a million years. He called investors who own various altcoins idiots and urged the U.S. Securities and Exchange Commission (SEC) to do “a big sweep” on the crypto industry.

Jim Cramer’s Crypto Warnings

The host of CNBC’s Mad Money show, Jim Cramer, has issued more warnings about cryptocurrency. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He said on CNBC Friday:

I would not touch crypto in a million years because I wouldn’t trust the deposit bank.

He was then asked whether he is making a distinction between centralized and decentralized platforms. “They fought regulation. They didn’t want regulation and you don’t have regulation,” Cramer replied, indicating that he does not trust any platforms that do not want regulation.

The Mad Money host continued:

I’m just saying you are using a lot of blind faith, and I like to have my money at JPMorgan, and I check on Monday to see whether my balance is there. It feels good.

“Try getting your money out,” he advised crypto investors, adding that when he had money at a crypto firm: “It was a fight to get the money out — a fight!”

Cramer opined:

I think that everybody who owns these various coins — you know, solana, litecoin — I do think you are an idiot, okay. I did not go to college to get stupid. These people who own these things should not own them. They shouldn’t own them.

Jim Cramer Calls on SEC to Do a Big Crypto Sweep

Cramer also commented on the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, stating that existing securities laws are adequate for the regulation of the crypto industry. He wants the SEC to “come on and enforce” crypto firms.

The Mad Money host added:

I think they need to do a big sweep. They have to stop people creating money.

“It’s the creation of money by cretins. I don’t think cretins should create money and then suck people in. These are worse than even the worst Nasdaq stocks,” Cramer concluded.

The Mad Money host used to invest in bitcoin, ether, and non-fungible tokens (NFTs) but he sold all his crypto holdings last year. Cramer has been advising investors to avoid investing in speculative assets, including crypto, while the Federal Reserve continues to tighten the economy. Earlier this month, he advised investors to get out of crypto, emphasizing that it is never too late to exit “an awful position.”

What do you think about the warnings by Jim Cramer about the danger of crypto investing? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Tags: BigBitcoinCramerCryptoFeaturedJimMillionNewsSECsweepTouchUrgesWouldntyears
Previous Post

Twitter restores suicide prevention feature after Reuters report By Reuters

Next Post

Kurds, anti-racism groups gather after deadly Paris shooting

Related Posts

Breakout Above ,800 Could Ignite Altseason

Breakout Above $2,800 Could Ignite Altseason

by Sebastian Villafuerte
July 10, 2025
0

Ethereum surged over 5% yesterday, pushing previous the important thing $2,700 stage and signaling renewed energy throughout the altcoin market....

Trump Administration Imposes 50% Tariff on Brazilian Imports

Trump Administration Imposes 50% Tariff on Brazilian Imports

by Sergio Goschenko
July 10, 2025
0

Trump famous that the brand new 50% tariff on Brazilian imports was justified as a result of unfair remedy of...

NFT Sales Hit .82B in H1 2025 as Market Cools

NFT Sales Hit $2.82B in H1 2025 as Market Cools

by Cointelegraph By Ezra Reguerra
July 10, 2025
0

World non-fungible token gross sales volumes reached $2.82 billion within the first half of 2025, exhibiting a small lower of...

Tether Moves 80 Tons Of Gold Offshore

Tether Moves 80 Tons Of Gold Offshore

by Christian Encila
July 10, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure Tether, the corporate behind the USDT...

VC Firm Ego Death Capital Closes 0M Fund to Back Bitcoin-Based Projects

VC Firm Ego Death Capital Closes $100M Fund to Back Bitcoin-Based Projects

by Sneha Agrawal
July 10, 2025
0

Ego Demise:- In an enormous enhance for the growing Bitcoin DeFi, the VC agency Ego demise capital has raised $100M...

Ben ‘BitBoy’ Armstrong faces six charges for harassing phone calls, released after arrest

Ben ‘BitBoy’ Armstrong faces six charges for harassing phone calls, released after arrest

by Vivian Nguyen
July 10, 2025
0

Key Takeaways Ben 'BitBoy' Armstrong has been booked on six counts of harassing telephone calls in Cherokee County, Georgia. The...

Next Post
Kurds, anti-racism groups gather after deadly Paris shooting

Kurds, anti-racism groups gather after deadly Paris shooting

US Energy Department Declares Grid Emergency in Texas Amid Polar Vortex

US Energy Department Declares Grid Emergency in Texas Amid Polar Vortex

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

July 10, 2025
Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

July 10, 2025
Pentagon to become largest shareholder in rare earth magnet maker MP Materials

Pentagon to become largest shareholder in rare earth magnet maker MP Materials

July 10, 2025
Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

July 10, 2025
The Emptiness of AI Ethics

The Emptiness of AI Ethics

July 10, 2025
Sony Xperia 1 VII units in more regions are dying, but there’s a temporary solution

Sony Xperia 1 VII units in more regions are dying, but there’s a temporary solution

July 10, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why Is Every Natural Disaster Being Politicized?

Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In