Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(Kitco News) - Efforts to increase the regulatory oversight of cryptocurrencies continue to ramp up after it was revealed on Wednesday that the Securities and Exchange Commission (SEC) had issued a proposal that would require large hedge funds to report their cryptocurrency exposure.
According to the proposal, the SEC and Commodity Futures Trading Commission (CFTC) are looking to amend the Form PF process to require funds of at least $500 million to report cryptocurrency exposure under a new category in order “to report digital asset strategies accurately.”
The amendments are “designed to enhance the Financial Stability Oversight Council’s (FSOC) ability to assess systemic risk as well as to bolster the SEC’s regulatory oversight of private fund advisers and its investor protection efforts in light of...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
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...