The US Securities and Exchange Commission (SEC) said that cryptocurrencies will be on their list of things to look into in 2024.
Even though most crypto companies aren't listed with the SEC yet and don't have to pay registration fees, this move was made anyway.
People started to wonder if SEC Chairman Gary Gensler was using agency resources and funds paid for by listed companies to focus on regulating the crypto industry, even though he doesn't have the power to do so yet.
Alternatively, this could mean that the SEC thinks more crypto companies will join the agency in 2024.
The SEC's Division of Examinations said in its statement that certain types of investments, like cryptoassets and the goods and services that go with them, are becoming more and more popular.
The chapter also talked about new financial technologies, like mobile apps that offer brokerage services and advisors that give customers automated investment help.
A post was made from the SEC official X account after fake information about the Bitcoin Spot ETF approval went viral. It asked that only SEC sources be used for information about the SEC.
