SEC Ramps Up Crypto Crackdown: Targets NFTs, Unregistered Trades in 2024

February 28, 2024
SEC Ramps Up Crypto Crackdown: Targets NFTs, Unregistered Trades in 2024
  • The SEC plans to ramp up enforcement on crypto in 2024, targeting unregistered offerings and exchanges, along with NFTs.

  • Tokens on digital asset platforms may be classified as 'securities' by the SEC, bringing them under stricter regulatory scrutiny.

  • The EU is advancing its regulatory landscape with MiCA and the updated TFR, aimed at mitigating AML and CTF risks in the crypto sector.

  • The UK is set to undertake a comprehensive approach to crypto regulation, with the FCA and BoE at the helm of developing the regulatory framework.

  • Crypto industry faces the ongoing task of reconciling the push for innovation with the growing demands of regulatory compliance.

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