CRYPTO SPACE BECOMES SEC PRIORITY
In January, the SEC put out a list of its priorities for 2019, and on the list are cryptos.
CCN reported that the SEC’s Office of Compliance Inspections and Examinations (OCIE) would head the effort. It will keep an eye out for such things as the ‘offer and sale, trading, and management of digital assets’.
Here’s an excerpt from the OCIE’s statement on the matter:
OCIE will take steps to identify market participants offering, selling, trading, and managing these products or considering or actively seeking to offer these products and then assess the extent of their activities. For firms actively engaged in the digital asset market, OCIE will conduct examinations focused on, among other things, portfolio management of digital assets, trading, safety of client funds and assets, pricing of client portfolios, compliance, and internal controls.
