🎉 According to Odaily Planet Daily, the U.S. SEC released the "2024 Key Review Report" on October 16, and cryptocurrency trading brokers and others have received the notice. The report shows that the SEC’s review division has expanded its capabilities and established teams within its various programs to address cryptocurrency, fintech, artificial intelligence, and cybersecurity issues in 2023. 🔍
The SEC is continuing to observe broker-dealers and advisors working in cryptocurrencies. The department is reviewing registrants that offer new business practices, specifically “technology and online solutions that meet compliance and market needs, such as automated investment tools, artificial intelligence and trading algorithms or platforms.”
The SEC review unit will examine how well registrants meet standards of conduct in relation to customer advice and their familiarity with the products offered by the registrant. It will also assess the handling of risks associated with the use of blockchain and distributed ledger technology. Let’s wait and see what impact this will have on cryptocurrencies like Bitcoin! 🚀(Cointelegraph)
The SEC is continuing to observe broker-dealers and advisors working in cryptocurrencies. The department is reviewing registrants that offer new business practices, specifically “technology and online solutions that meet compliance and market needs, such as automated investment tools, artificial intelligence and trading algorithms or platforms.”
The SEC review unit will examine how well registrants meet standards of conduct in relation to customer advice and their familiarity with the products offered by the registrant. It will also assess the handling of risks associated with the use of blockchain and distributed ledger technology. Let’s wait and see what impact this will have on cryptocurrencies like Bitcoin! 🚀(Cointelegraph)