The post SEC Makes Crypto a 2024 Examination Priority appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has signaled a significant policy shift by including cryptocurrency in its 2024 examination priorities. The development is pivotal for the digital asset industry, which operates outside the SEC’s regulatory purview.
The SEC’s Announcement
In a press release dated October 16, 2023, the SEC outlined the areas of emphasis for its 2024 examinations. Among those was the crypto sector, a space notorious for its lack of regulatory clarity. The Division of Examinations will scrutinize practices, products, and services believed to present “potentially heightened risks to investors or the integrity of the U.S. capital markets.”
Fox Business journalist Eleanor Terrett raised an interesting point—most cryptocurrency companies are not registered with the SEC and do not pay the requisite Section 31 fees that fund the agency. Terrett questioned w
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