US SEC To Monitor Bitcoin, Ethereum; Regulatory Blocks Ahead? ⋆ ZyCrypto
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Advertisement     The United States Securities and Exchange Commission (SEC) has listed Bitcoin and Ethereum in its scrutiny list for 2025. Both assets’ inclusion in the examination list indicates increased regulatory surveillance amid new products rolled out for institutional investors. Crypto users express concern about recent SEC market activities while being optimistic about clear rules. SEC Includes Bitcoin In Examination List The United States securities regulator will increase scrutiny on digital assets next year. In a new release, the SEC listed Bitcoin and Ethereum as part of its examination list for the second year in a row. This comes after months of intense regulations leading to several lawsuits against crypto executives and firms. Keith Cassidy, the Acting Director of Examinations at the SEC, noted that the list pointed out key areas that might pose risks to investors. Gary Gensler, the Chairman of the SEC, stressed investor protection, adding that participants would understand the rules through the division. According to the release, the Commission will continue to monitor the proliferation of crypto investment conducting examinations on the offer, sale, trading, and advice. The launch of spot Bitcoin and Ether ETFs attracted billions to the crypto market after a series of rejections by the SEC. This SEC will regulate these funds and minor registrants and compliance. “In particular, these examinations will review whether the registrants: (1) meet and follow their respective standards of conduct when recommending or advising customers and clients regarding crypto assets with a focus on an initial and ongoing understanding of the products that have a particular focus on scenarios where investors are retail-based (including older investors) and investments involving retirement assets…” Advertisement   US Elections To Fuel Clear Rules The SEC added crypto to the examination list in 2025 amid a possible leadership change next year. The…
Filed under: News - @ October 27, 2024 10:17 pm