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[aryan4]

The SEC shared a post about cryptocurrencies on their Twitter account. In the statement made, it was reported that crypto coins will be given priority during the year.

What will be controlled in the statements was stated as follows:
--- "Among other areas, reviews will focus on reviewing whether they are working consistently with registrants' statements, whether firms are processing orders in accordance with customer orders, and compliance with trade recommendations made in mobile applications. Reviews of market participants interested in digital assets will continue to assess: whether the investments benefit investors; portfolio management and trading practices; security of client funds and assets; pricing and valuation; the effectiveness of compliance programs and controls; and supervision of representatives' business activities outside. " ---

What do you think of the SEC statements?

 

[Rollerkid]

The statement just showed that the SEC is trying all its possible to remember all individual investors and institutional investors to use the crypto currencies positively and above all invest much and responsibly.

 

[Niftyicon]

I guess that is SEC's way of stating that they will be more focused on their jobs this year and they should for the safety of investors and their funds.

 

[GoldenLady]

SEC is just reminding both investors and firms that they will neglect their checks this year. We should expect more scrutiny from them concerning cryptocurrency.

 

[Josemendez]

I think they have to ,if actually they claim to work for the interest of the people. Secondly they want also to checkmate the activities of existing crypto companies

 

[Wisdom01]

Well i could see that the statement is referring to crypto currency, and they might start making reviews of those sites that are into crypto trading i think

 

[Ian rhordie]

Its what I thought of too

Well i could see that the statement is referring to crypto currency, and they might start making reviews of those sites that are into crypto trading i think

 

[ELSA-ELI]

well to early to say that this is focusing on improving the use of crypto in the usa and maybe the other parts of the world to a larger extent but hoping that is the case anyways.

 

[achawaskey]

Is a welcome development, at least crypto investors will have more confidence in trading crypto and it will improve customers relationship by providing good monitoring of assets.

 

[Josemendez]

Is a welcome development, at least crypto investors will have more confidence in trading crypto and it will improve customers relationship by providing good monitoring of assets.

The fact that it will offer security is one that is not arguable ,however people need something that they won't be monitored all the time especially when it comes to paying taxation

 

[Wisdom01]

Do SEC derive joy in orchestrating crypto coins to the wrong side? They have ruined the progress of Ripple coin. I just hope they are regulating the money laundering going on around those coins committed by individuals and not only attacking the companies that created those coins.

Yeah i think its best they do so , because right now ripple would be taking all the blames and slowing their development or progress more

 

[Wisdom01]

That's true. Only the future will tell where the coin will be. But i believe it's creators are doing everything possible to overtime the accusations of SEC, to regain it's status back.

Yeah i just hope the creators continues to do so because they shouldn't relent in fighting for the coin , so they could be freed from second accusations

 

[Josemendez]

Is a welcome development, at least crypto investors will have more confidence in trading crypto and it will improve customers relationship by providing good monitoring of assets.

Yeah i just hope the creators continues to do so because they shouldn't relent in fighting for the coin , so they could be freed from second accusations

The news I read today shows that SEC argues that ripple is different from bitcoin and ethereum in the sense that they have a single body in charge of it unlike bitcoin . This might be a problem for ripple

 

[Wisdom01]

The news I read today shows that SEC argues that ripple is different from bitcoin and ethereum in the sense that they have a single body in charge of it unlike bitcoin . This might be a problem for ripple

But i dont really understand sec, because ripple have proven that they are not like that , and ripple is not the only coin they should investigate otherd as well

 

[Wisdom01]

You're right. They should take such challenge as their top priority. Because a good name is better than $100 million investment. Ripple community should fight to retain their identity back.

I still see a lot of potential in the coin that is why i believe that yhey could still sort things and regain more trust and others from investors i think

 

[Josemendez]

But i dont really understand sec, because ripple have proven that they are not like that , and ripple is not the only coin they should investigate otherd as well

I believe what brought up this investigation was the decision by ripple to move their headquarters away from US. Outside that , ripple is own by a body unlike other cryptocurrency .

 

[Yewande]

This are things that have to come into play if they really have the interest of the people in mind. I also believe they are trying to keep an eye on the activities of crypto currency company.

 

[Wisdom01]

I believe what brought up this investigation was the decision by ripple to move their headquarters away from US. Outside that , ripple is own by a body unlike other cryptocurrency .

Yeah thats true i could recall that , but they should at least end the case because it seems ripple are no longer moving out again I think ,

 

[yolaqueen]

Well it's all about reviews that's all, but I advise them to always be positive in whatever actions or measures they take.

Currently, large companies, consortiums and other entities in the financial market are joining cryptocurrencies, which is why the news revolves around them and the priority that must be given to cryptocurrencies.

 

[Wisdom01]

Currently, large companies, consortiums and other entities in the financial market are joining cryptocurrencies, which is why the news revolves around them and the priority that must be given to cryptocurrencies.

Yeah i think you are right on this much priority must be given to crypto currency , if we are to expect more development in the crypto world