In a recent press release, the Securities and Exchange Commission (SEC) revealed that in the last full fiscal year, 18 percent of the SEC’s tips, complaints, and referrals were related to cryptocurrencies. This is a significant increase considering that the crypto markets make up less than 1 percent of the U.S. capital markets.
The press release also highlighted the Commission’s efforts to protect investors in the crypto space. The SEC has taken action against companies offering securities in the form of cryptocurrencies, and despite legal challenges, the courts have consistently supported the SEC’s enforcement actions.
As the popularity of cryptocurrencies continues to grow, the SEC remains vigilant in its oversight of the market. Investors are encouraged to report any suspicious activities or potential violations of securities laws to the SEC to help protect themselves and others in the crypto community.
