What is SEC?, everyone talks about it!
The term "SEC" commonly refers to the United States Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, including the securities exchanges and markets. The SEC was established in 1934 with the primary mission of protecting investors, maintaining fair and efficient markets, and facilitating capital formation. It achieves these goals through a combination of regulation, enforcement, and oversight of various market participants, including securities exchanges, brokers, investment advisers, and public companies. The SEC plays a crucial role in ensuring transparency and accountability in the U.S. financial markets, and it reviews and approves registration statements for new securities offerings. In the context of cryptocurrencies, the SEC has been involved in regulating certain aspects of the industry, particularly in cases involving securities offerings or digital assets that fall under securities laws.