Sunday, February 23, 2025
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US SEC bans internal crypto trading by reviewing crypto transactions

The Securities and Exchange Commission (SEC) in the United States has launched an investigation into whether cryptocurrency trading has adequate security for insider trading. According to reports, another conversation was called.

According to reports, the SEC visited one prominent crypto exchange, asking management how the company protects customers from any possible internal trading. After the stablecoin crisis of Terra UST, which sent shockwaves to the financial world and attracted the attention of several regulators, the investigation began openly.

The SEC has expressed concern over the lack of measures to ensure the protection of investors. This has been said repeatedly by the SEC head, Gary Gensler, and official SEC comments.

The Terraform Labs investigation, the investigation into whether Binance violated securities laws through their ICO, and the public education campaign is among the other regulatory and development programs that the SEC is currently participating in.

Given the different behaviours in the crypto market, there will still be problems. This is just one of many investigations in the crypto industry conducted by American regulators. 

These regulatory efforts come at a time when the stock market is drawing attention due to the sharp decline. Bitcoin currently trades at around $ 20,000, and investors are preparing for a long crypto winter.

Although lovers of bitcoin and crypto aficionados do not see this as a problem, traders who want to make a short time will no doubt need to use common sense.

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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