The US Securities and Exchange Commission (SEC) has once again warned investors of the risks of cryptocurrencies and that exchanges offering cryptocurrency trading may be providing unregistered services.
In a statement released by the SEC’s Office of Investor Education and Advocacy on March 23, investors were once again warned of the potential risks of cryptocurrencies and urged to be vigilant. The warning was sent to Coinbase, the SEC’s cryptocurrency exchange. Wells Statement It did not go unnoticed that it came one day after the delivery.
In a statement issued by the SEC unit, it qualifies crypto assets as securities and urged investors to be cautious when investing in these securities. On the other hand, the SEC platforms that offer cryptocurrency services may not comply with securities laws underlined, making a suggestive reference to Coinbase.
The following statements were noteworthy in the statement:
The law requires parties such as securities broker-dealers, investment advisors, and stock exchanges to register with the SEC, a state regulator, and/or a self-regulatory agency. In addition, organizations and platforms involved in lending or staking crypto assets may be subject to federal securities laws.
The long-awaited “Are cryptocurrencies securities or commodities?The answer to the question ” began to become clear, especially on the US side. The steps taken by the regulatory institutions, especially as of 2023, indicate that all assets other than Bitcoin will be securities as a result of the work. serious signals carrying.
SEC, another US-based cryptocurrency exchange before Coinbase KrakenHe put pressure on . A similar recent “Sales of unregistered securities” The accusation was also brought by the SEC to TRON founder Justin Sun.
However, it is one of the most established tokens in the crypto market. Ripple (XRP) A similar securities lawsuit between the SEC and the SEC has been pending for nearly two and a half years, and to be decided soon Waiting.