Fraudsters continue to exploit the popularity of crypto assets to lure retail investors into scams. Learn about 5️⃣ ways scammers use crypto asset securities to defraud investors in the latest Investor Alert from the U.S. Securities and Exchange Commission. ▶️ https://bit.ly/3VsxJFd
FINRA Investor Education Foundation’s Post
More Relevant Posts
-
The digital currency landscape continues to be treacherous terrain for Self-Managed Super Fund (SMSF) trustees, with a growing number of reports indicating significant losses due to a variety of factors, including scams, theft, and collapsed trading platforms. The ATO is urging trustees to educate themselves on the potential pitfalls of crypto investing, including the fact that many crypto assets are not classified as financial products. This means that the platforms facilitating their trade often lack regulation, increasing the risk of loss without recourse. Learn more: https://lnkd.in/gVzRUu2R
To view or add a comment, sign in
-
🚨Be aware of the risks: Transaction delays, high fees, and market volatility can impact your crypto arbitrage success. https://lnkd.in/gvh7Himn
To view or add a comment, sign in
-
Blockchain Evangelist | Web Dev and Solidity/Smart Contracts Expert | Freelancer with 100% Client Satisfaction | OpenAI Adopter in all my work | Creator of Context code generation tool
Classification of some cryptocurrencies as securities by the SEC was seen in the crypto community as really annoying and red tape to make business more difficult. I just realised that it was actually not fully negative. The SEC and regulators by doing this recognized cryptocurrencies to actually be a serious financial instrument. (By comparing them to traditional securities) It is then when they recognized crypto as something serious, threatening and worth regulating. By doing this they give crypto credibility. First they ignore you, then they laugh at you, then they fight you, <- last several years then they join you <- next stop this year Do you agree?
To view or add a comment, sign in
-
Why Does the SEC Regulate Crypto? https://lnkd.in/gYqhwiMy The United States Securities and Exchange Commission (SEC) plays a crucial role in this regulatory framework. This article delves into the reasons why the SEC regulates crypto, exploring the objectives, challenges, and implications of such regulation. #SEC #Cryptomarket #Regulation #Cryptoregulation #USregulation #AINews #AnalyticsInsight #AnalyticsInsightMagazine
To view or add a comment, sign in
-
🚨 SEC Intensifies Scrutiny on Binance 🚨 The SEC’s latest complaint against Binance sharpens focus on its token listing practices, especially regarding BNB and other assets. By detailing allegations of unregistered securities and promotional tactics, the SEC underscores growing regulatory pressures in the crypto space. This move signals a critical moment for regulatory clarity in digital assets. Let's watch how it unfolds. 📈🔍 Follow me on X 👉 @RodolfoPozoA
To view or add a comment, sign in
-
🚀 The US House Financial Services Committee voted to overturn SEC's SAB 121, paving the way for banks in crypto custody! 🏦 The resolution, introduced by Rep. Mike Flood and Rep. Wiley Nickel, aims to eliminate barriers hindering banks from becoming digital asset custodians. 🔗 SAB 121, introduced in March 2022, forces banks to record crypto holdings as liabilities, impacting regulatory obligations. 💼 If passed in the House and Senate, this resolution could reshape the crypto landscape, but challenges lie ahead. ⚖️ Emotions run high, with Rep. Tom Emmer criticizing SAB 121 as "illegal," while Rep. Maxine Waters sees irony in the move. 🤔 #CryptoRegulation #SEC #CryptoCustody #FinanceRevolution 🌐✨
To view or add a comment, sign in
-
In 2023, the U.S. Securities and Exchange Commission (SEC) initiated lawsuits against the world’s three largest crypto exchanges – Binance, Coinbase, and Kraken – marking the beginning of a stringent regulatory era for the previously unrestrained crypto industry. Key Takeaways - The SEC has filed lawsuits against Binance, Coinbase, and Kraken.
https://earlyminter.com/sec-vs-binance-coinbase-kraken-lawsuits-usher-tough-new-era-19/?no_cache=1717073624
To view or add a comment, sign in
-
📅 Daily Market Update: August 9, 2024 🌐 Remain abreast of today's market-influencing events 72.73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: t.ly/WDPC1 #ExclusiveCapital #GlobalEconomy #MarketUpdate #SP500 #Bitcoin #Brent #YEN
Daily Market Update: August 9, 2024.
To view or add a comment, sign in
-
What are tokenized U.S. treasuries and how do they work? 💡Tokenized Treasuries utilize smart contracts to automate interest payments and principal repayments, ensuring transparency and efficiency. By holding these tokens in a crypto wallet, investors can trade or simply earn interest—just like with traditional Treasuries! Benefits: ✅ Increased Liquidity ✅ Global Participation ✅ Cost Efficiency ✅ Transparency ✅ New Opportunities Challenges: ⚠️ Regulatory Uncertainty ⚠️ Scalability Issues ⚠️ Adoption Resistance ⚠️ Security Risks Read more at https://bit.ly/4dqQIqk #TokenizedTreasuries #CryptoInnovation #DeFi
To view or add a comment, sign in
9,016 followers