The Securities and Exchange Commission (SEC) of the United States will emphasize its attention on digital currencies, cybersecurity, and conflicts of interest, according to the official press release.
The head of SEC, Jay Clayton, says Office of Compliance Inspections and Examinations (OCIE) continues to "thoughtfully approach its examination program, leveraging technology and the SEC staff's industry expertise."
The press release states, the watchdog will focus on compliance and risks in critical market infrastructure, retail Investors, including seniors and those saving for retirement, FINRA and MSRB, cybersecurity, and anti-money laundering.
Previously, SEC imposed a $50,000 fine on CoinAlpha Advisors LLC cryptocurrency fund after it found its business to be the distribution of unregistered securities.
For a long period of time, SEC has been playing a key role in the cryptocurrency industry. For instance, the regulator is still considered as one of the crypto growth suppressors due to its repeated decision on postponing the launch of Bitcoin-ETF issued by VanEck.
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