On January 7, 2020, The United States Securities and Exchange Commission (SEC) in view of the new year recently released the list of priorities for this year once again showing that crypto assets are among their main focuses. After the 2017 Initial Coin Offerings (ICO) wave, in the next two years, these types of crypto assets were a major concern for the Securities and Exchange Commission and were separately mentioned in their priority lists of 2018 as well as 2019. Overall, crypto investments were under the Securities and Exchange Commission’s focus during those years. However, according to their priority list, in the new year, the SEC is going to approach crypto assets in a more friendly manner.
The 2020 examination priorities list was issued by the Securities and Exchange Commission Compliance Inspections and Examinations Office and emphasized digital assets. Based on this document, the Securities and Exchange Commission is going to pay a lot of attention to the risks that investors face when buying crypto coins and educate investors on the stakes of crypto investment.
According to the SEC, the market of crypto assets has grown with great speed and has become a global phenomenon, yet, at the same time, there are numerous risks associated with this new market. They also mentioned that a number of investors do not understand the difference between traditional assets and crypto assets. In the document, 6 new policies concerning crypto coins were discussed including values of crypto coins, client safety, trading, the effectivity of crypto investments and so on.
This priorities list by the SEC also highlights the present and upcoming dangers associated with the market and aims to reduce the risks in 2020. The SEC is making more effort to deal with the issues of the crypto market as well as make it safer. At the same time, crypto enthusiasts are still waiting for the SEC to approve the installment of Bitcoin ETFs.
The biggest crypto coin in the market, Bitcoin, is experiencing a boost in 2020 and is expected to rise even more soon. To keep up with Bitcoin & its price, take a look at Bitcoin Price updates and Bitcoin (BTC) Price Predictions.
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