The US Securities and Exchange Commission (SEC) announced that cryptocurrencies will be included in the list of review priorities for 2024.
This move comes despite the fact that most crypto companies are not currently registered with the SEC and therefore do not pay registration fees.
The decision raised questions about whether SEC Chairman Gary Gensler was using agency resources and funds paid by registered companies to prioritize regulation of the crypto industry, an industry he does not yet have the authority to regulate. Alternatively, this could indicate that the SEC predicts more crypto companies will register with the agency in 2024.
In its statement, the SEC's Division of Examinations noted the continued proliferation of certain types of investments, including cryptoassets and their related products and services. The chapter also highlighted emerging financial technologies such as mobile apps that provide brokerage services and advisors that provide automated investment advice to customers.
Following the false news about the Bitcoin Spot ETF approval that spread recently, a post was made from the SEC official X account and it was requested that only SEC sources be used for SEC-related information.
*This is not investment advice.
