The US Securities and Exchange Commission (SEC) has ordered companies to be listed on crypto-related exchanges. Accelerate the examination and consider the level of risk that exists. and potential damage effects to find ways to prevent damage that will occur in the future as happened with FTX
CNBC disclosed in a report that the US SEC issued the guidelines about a month after cryptocurrency trading firm FTX. one of the world’s largest file for bankruptcy From Mr. Sam Bankman-Fried Former Chief Executive Officer of FTX Used the client’s loan to use the trading company he founded. More than 100,000 customers have been damaged by the FTX bankruptcy crisis.
Under the new rules, companies will be required to include information on their holdings of crypto assets. and its ties to FTX and other market developments in SEC filings. FTX’s bankruptcy filing states: The company has more than 1 million creditors.
Additionally, on Wednesday, Nov. 7, SEC Chairman Gary Gensler responded to allegations that the SEC had failed to prevent crypto firms from misusing client funds. wrong He said the SEC will punish firms that do not comply with the rules more rigorously.