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
Market Infrastructure
Information security
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 Bloodbath Why Bitcoin Price Seems In A Free Fall min 1024x576 - US SEC Lists Cryptos As Priority For 2020

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.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

5

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

2284 Articles

Top Exchanges
Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.90

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news