The US Securities and Exchange Commission on Thursday issued an investor alert warning that firms offering crypto asset securities may not be complying with US laws.
Unregistered offerings of such securities may not provide important data, including audited financial statements, for informed decision making, the SEC said.
The securities watchdog has been cracking down on the crypto industry, which its chair has called a “Wild West” riddled with misconduct. Its efforts gathered pace after November’s collapse of Sam Bankman-Fried’s cryptocurrency exchange FTX.
Source : Buying cryptocurrency asset securities carries risks, warns US SEC