The Securities and Exchange Commission (SEC) is often a bogeyman in the crypto ecosystem. A reputation that should endure, if we are to believe 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, the exchanges in the crosshairs of the SEC
The news is reported by our colleagues at Forbes, who quote a source from Senator Cynthia Lummis’ cabinet. 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 field of 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 exchanges of the United States, 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 of a major platform, who wished to remain anonymous, also confirmed that several exchanges would have received a “Wells notice”. This is a document that formally informs entities of an upcoming legal action against 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 settled by the SEC.
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published by editions Larousse
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