Summer vacation is here, what are you going to do? SEC Chairman teaches you how to plan your summer vacation!

The recent controversy surrounding Binance and Coinbase being sued by the U.S. Securities and Exchange Commission (SEC) has escalated. However, SEC Chairman Gary Gensler, who has become the target of criticism, chose to release an article on the importance of investment education at this time, sparking criticism and ridicule from netizens.

SEC Chairman Turns into a School Advisor

Recent news of the SEC suing Binance and Coinbase has caused turmoil in the cryptocurrency market, with some altcoins experiencing daily declines of around 20-30% this afternoon.

Gary Gensler, as the leader of the SEC, has faced criticism from various countries for his ambiguous stance and flip-flopping attitude. However, in the early hours of today (10), Gensler suddenly began teaching college students who have just started their summer break about cultivating financial concepts related to savings and investments on his Twitter.

Gensler enthusiastically advised, "If you've just finished your university exams and entered the summer break, you may start thinking about your future financial planning; it's never too early to consider savings and investments."

It is understood that the article he shared is from the "SEC Office of Investor Education and Advocacy," mainly discussing the benefits of small savings and good investment allocation in accumulating wealth. The content includes the "power of compounding" and "individual retirement plans," among others.

In the section related to investment research, he described his views on investing in cryptocurrencies and Initial Coin Offerings (ICOs) as "such investments involve significant risks." He also cautioned against celebrity endorsements and unrealistic investment returns as not being strong grounds for entering the market.

Netizens: The Best Advice is Not to Follow Gary's Advice

However, many netizens do not seem to buy into Gensler's sincere advice.

A comment on the US cryptocurrency regulatory news sarcastically remarked, "Graduates may also need to start thinking about the importance of honesty."

Another netizen directly criticized, "The best advice for graduates is not to follow Gary's advice."

Some netizens also pointed out that Gensler's current role is somewhat inconsistent with his responsibilities, suggesting that he should remain neutral and provide accurate advice.