The US Securities and Exchange Commission’s scrutiny of digital currencies that are listed on Coinbase Global Inc. is igniting concerns that a major crackdown for the rest of the industry is imminent.
Digital coins are headed for a losing week, dragged down by the revelation that the SEC has been investigating whether Coinbase shirked regulations by offering trading in certain tokens. Anxieties were already running high after the regulator took the unusual step of identifying several crypto assets that it considered to be securities as part of an insider trading case.
The SEC lawsuit against a former Coinbase manager and two others, coupled with the probe into the platform’s listings, signal that after more than a year of warnings by Chair Gary Gensler the regulator’s stance appears to be hardening. Meanwhile, the agency’s assertion last week that nine tokens fall under its jurisdiction is drawing pushback inside the Commodity Futures Trading Commission, the US derivatives watchdog...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...