The U.S. Securities and Change Fee (SEC)’s investigation over shady habits within the cryptocurrency market will solely proceed, mentioned former chairman Harvey Pitt.
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Tighter Regulation on the Horizon
SEC this Tuesday halted buying and selling of The Crypto Co. over manipulation issues after a large inventory leap. And the regulatory physique’s cracking down on suspicious cryptocurrencies will solely proceed, in response to former chairman Harvey Pitt who mentioned Thursday on CNBC’s “Quick Cash”:
“We’re in line for some critical regulatory responses to all of this and that might be forthcoming after the primary of the 12 months.”
Pitt disclosed that additional regulation is on the best way. “Everybody else is investing in it, and the worth appears to be going up,” Pitt mentioned. “That’s an actual drawback as a result of there’s a scarcity of training and…