Why does the SEC regulate cryptocurrencies?
The advent of cryptocurrencies has revolutionized the financial landscape, bringing new opportunities and challenges. As digital assets become more popular, the need for regulatory oversight becomes critical. The Securities and Exchange Commission (SEC) plays a vital role in this regulatory framework. This article delves into the reasons why the SEC regulates cryptocurrencies, exploring the goals, challenges, and impacts of such regulation.
The role of the SEC
Founded in 1934, the SEC is a federal agency responsible for enforcing securities laws and regulating the securities industry, including stock and bond markets. The SEC's primary mission is to protect investors, maintain fair, orderly, and efficient markets, and promote capital formation.
1. Investor protection
2. Market integrity
3. Promote capital formation
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