How does the U.S. Securities and Exchange Commission regulate the cryptocurrency industry?

1 answers

• Randa LamaliuJun 08, 2024 · a year ago
  The U.S. Securities and Exchange Commission (SEC) is responsible for overseeing the cryptocurrency industry in the United States. The SEC's role is to protect investors, maintain fair and efficient markets, and facilitate capital formation. To regulate the cryptocurrency industry, the SEC focuses on enforcing existing securities laws. This means that certain cryptocurrencies may be classified as securities and subject to registration requirements. The SEC also monitors and takes action against fraudulent activities, such as unregistered securities offerings and market manipulation. Additionally, the SEC provides guidance to market participants and educates investors about the risks associated with cryptocurrencies. By regulating the cryptocurrency industry, the SEC aims to foster investor protection and promote market integrity.
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