The SEC and CFTC in the US recommend making a statement about it if major hedge funds invest in the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Contracts Commission (CFTC) Form PF It proposes a change in the declaration form known as
Form PF, introduced after the 2008 financial crisis, serves financial regulators in the United States to collect information on hedge funds in a special way.
Under the recommendation of the SEC and the CFTC, at least 500 million dollars Large-scale hedge funds with assets worth investing in the cryptocurrency market should make a statement regarding this investment strategy they follow.
Regarding their new proposal, SEC Chairman Gary Gensler said, “I am pleased to support this proposal because I think if this proposal is implemented I think we will be able to start getting better information from these PF forms we collect, especially those filled out by large hedge funds.” said.
Officials in the United States, if this proposal, which includes different investment strategies from cryptocurrencies, is implemented, will both systematic risks can be better observed. as well as the SEC can better supervise private fund advisers is thinking.