SEC Starts Checking Crypto Hedge Funds
March 26, 2018
SEC plans inspecting over 100 cryptocurrency hedge funds driven by the announced check of numerous cryptocurrency ICO suspected of distributing securities as digital currency.
The primordial objective for the Commission is to inform crypto market participants on the standards the regulator sets for digital currencies.
The examination is to start in the next 60 days to come. The regulator will check assets coming to the funds against its offers for the investors as well as the ways they inform its customers on the would-be risks. Presently the Commission has chosen up to 100 funds involved into cryptocurrency activities.