All US exchanges would be the target of an SEC investigation

The Securities and Exchange Commission (SEC) is often a bogeyman in the crypto ecosystem. A reputation that should endure, if we believe in his alleged latest initiative. The institution would indeed investigate all the exchange platforms of the United States, and would prepare legal actions.

In the United States, exchanges in the crosshairs of the SEC

The news is reported by our colleagues from Forbes, which quotes a source from the office of Senator Cynthia Lummis. According to this person, all cryptocurrency exchanges located in the United States are currently under investigation by the SEC.

We learned a few days ago that Coinbase was under investigation by the SEC, but it seems that the scope of the investigation is actually much broader. This is the eternal reproach made to Coinbase: the institution accuses the platform of having offered tokens which should have be considered as financial securities (securities).

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There is therefore a certain logic in extending this investigation to the rest of the United States trade, which also offer the cryptocurrencies that make the SEC see red. In total, there are about forty cryptocurrency exchange platforms in the United States.

According to Forbes, an executive at a major platform, who wished to remain anonymous, also confirmed that several exchanges received a “Wells notice”. This is a document that formally informs entities of an upcoming legal action to meet them.

The SEC therefore seems to be sharpening its knives before a large-scale movement. Its historical hostility to the cryptocurrency industry is well known, but it could be of the greatest action taken so far. What further weaken a sector that has been heavily affected by the bear market? The months to come will tell us if the eternal question of the status of cryptocurrencies will finally be implemented by the SEC.

👉 Also Read – SEC Charges 11 People With $300M Crypto Ponzi Forsage

published by editions Larousse

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Source: Forbes

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