Crypto Chaos: How The SEC Actions Reshape the Crypto Industry

Crypto Chaos: How The SEC Actions Reshape the Crypto Industry

By SimpleSwap | SimpleSwap Blog | 2 Jun 2023

Cryptocurrency exchanges in the US faced a new wave of repression from the US Securities and Exchange Commission (SEC). The main reason for all the troubles is a significant amount of tokens and coins that the regulator sees as securities.

Today, at least 16 tokens are considered by the SEC as securities. They are still traded on some cryptocurrency exchanges, which the Commission obviously doesn’t appreciate. Thus, the US regulator is going to further increase the pressure on the cryptocurrency industry. That's why some companies are forced to leave the US and look for new jurisdictions for further work. For example, Gemini exchange wants to leave the US and SEC might be a main reason for such an action.

Watch our video above, in order to find out why this American regulator started the “crypto crackdown” and how serious the situation is. 

If you want to learn more interesting facts about crypto then don’t forget to check out our blog! You might like our articles “Main Changes in Crypto Regulation” and “Stablecoin War”.

Don't forget, the easiest way to buy or exchange coins is to use SimpleSwap services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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