US SEC Lists Cryptos As Priority For 2020
You may be aware of the fact that in 2019 the SEC has been scrutinizing cryptos like there’s no tomorrow.
Now, the entity announced that cryptos are one of its top priorities for 2020.
The list of the priorities was released on Tuesday, and it’s published annually. This includes categories that are viewed as potential risks to investors and the US capital markets.
Digital assets are identified as one of the few key proprieties among the larger mission of enforcing the federal securities laws, proposing new rules and regulating the securities industry.
SEC Chairman Jay Clayton stated the following:
“OCIE’s 2020 examination priorities identify key areas of risk, both existing and emerging, that we expect self-regulatory organizations (SROs), clearing firms, investment advisers and other market participants to identify and mitigate.”
OCIE 2020 Priorities
Retail investors, including seniors and people saving for retirement
Focus areas relating to investment advisers, investment companies, broker-dealers, and municipal advisors
Anti-money laundering programs
Financial technology (fintech) and innovation, including digital assets and electronic investment advice
Financial Industry Regulatory Authority (FINRA) and Municipal Securities Rulemaking Board (MSRB) oversight
We recommend that you head over to the official notes and check out more details on what the SEC has in store for 2020.
An exciting 2020 ahead
Other than this, there are high expectations in the crypto space for 2020 and for the whole new decade.
Despite the huge volatility in the crypto market, there are various optimistic predictions regarding the prices for the digital assets this year.
Bitcoin is expected to skyrocket and this is mainly due to the upcoming halving process which is scheduled to take place in May.
Earlier today, we reported that crypto analyst and economist Alex Kruger addresses the debate over Bitcoin’s halving.
Analysts seem to be quite divided on whether the event, which will be reducing the amount of new Bitcoin entering the market by half will affect the price of the digital asset.
At the moment of writing this article, BTC is trading in the green and the coin is priced at $8,099.31.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.