All stock exchanges in the United States would be the target of an investigation by the SEC
The Securities and Exchange Commission (SEC) is often a bogeyman in the crypto ecosystem. A reputation that should endure if we are to believe his alleged recent initiative. The institution would indeed investigate all exchange platforms in the United States and prepare legal action.
In the US, the stock exchanges are in the crosshairs of the SEC
The news is being reported by our colleagues at Forbes, who are citing a source in Senator Cynthia Lummis’ cabinet. According to this person, all cryptocurrency exchanges are located in the United States are currently under investigation by the SEC.
We learned a few days ago that Coinbase is under investigation by the SEC, but it appears that the scope of the investigation is actually much broader. That’s the perennial accusation leveled at Coinbase: the institution accuses the platform of offering tokens they’re supposed to have are considered financial collateral (securities).
Diverse and comprehensive services
Buy and make your cryptos work
There is therefore a certain logic in the extension of this investigation to the rest of the stock exchanges in the United States, which also offer the cryptocurrencies that make the SEC see red. In total, there are about forty cryptocurrency exchange platforms in the United States.
According to Forbes, an executive at a major platform who wished to remain anonymous also confirmed that several exchanges had received a “Wells Notice.” This is a document that formally informs companies of an upcoming court case against them.
So the SEC appears to be sharpening their knives ahead of any large-scale move. His historical animosity towards the cryptocurrency industry is well known, but it might be the biggest action so far. What can further weaken a sector badly hit by the bear market? The coming months will show us whether the eternal question about the status of cryptocurrencies will finally be resolved by the SEC.
👉 Also Read – SEC Charges 11 People with Forsage, a $300M Crypto Ponzi
published by Editions Larousse
Receive crypto news roundup every Sunday 👌 And that’s it.
What you need to know about affiliate links. Assets, products or services related to investments are presented on this page. Some links in this article are affiliated. This means if you buy a product through this article or register on a site, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of any product or service presented on this site and cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of any good or service highlighted in this article. Investing in crypto assets is inherently risky, readers should do their own research before taking any action and only invest within their financial means. This article does not constitute investment advice.