Bitcoin lacks 'credibility and trust,' US SEC says

The U.S. Securities and Exchange Commission is leery of bitcoin. The agency issued a lengthy warning to investors on Wednesday about risks it sees in bitcoin and virtual currencies, much of which has been already iterated by bitcoin advocates or other regulators. But the SEC, which is the top regulator for U.S. securities markets, also took a dig at bitcoin's short existence as another negative. "As a recent invention, Bitcoin does not have an established track record of credibility and trust," ...