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SEC Puts Crypto Assets Top Priority

The SEC announced its annual research priorities in a February 7 press release.

By Luc Vesters
• 2 min read
SEC Puts Crypto Assets Top Priority

The SEC announced its annual research priorities in a February 7 press release. Crypto regulation is one of the main topics for the new year.

The U.S. Securities and Exchange Commission annually outlines which topics are particularly urgent. Among them are topics that, in its view, pose potential risks to investors and the integrity of the U.S. stock market.

"In an era of growing markets, developing technologies, and new forms of risk, our enforcement division will continue to protect investors," SEC chair Gary Gensler said. In protecting investors, the agency will focus on "advocating or advising on trading in cryptocurrencies or crypto-related assets."

There will be an examination of whether financial service providers in the crypto sector meet their so-called "duty of care" standards. For example, in the area of investment advice. In addition, the SEC will pay particular attention to the compliance, disclosure, and risk management of the respective firms. These should be routinely reviewed, updated, and improved.

The U.S. agency is currently in a lawsuit with Ripple. The company is accused of trading unregistered securities.

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