The U.S. Securities and Exchange Commission (<a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/" rel="noopener noreferrer nofollow">SEC</a>) is increasing its oversight of cryptocurrency exchanges and <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a>, which could have a significant impact on the market. With growing interest in cryptocurrencies from institutional investors, regulators are aiming to ensure transparency in operations and protect consumers. In 2024, the SEC launched several investigations into major cryptocurrency companies suspected of market manipulation and regulatory violations.
New regulatory measures could lead to additional costs for mining companies, making it harder for them to operate in the U.S. As a result, many companies are considering relocating their operations to more crypto-friendly jurisdictions with less stringent regulations.

SEC Increases Oversight of Crypto Exchanges and Mining Companies

Ultramining_Eng

Other articles published on Sep 16, 2024

Unstoppable and Smobler Announce First Base TLD for Immersive Web3 Experiences

Bitstamp to Launch Crypto Derivatives Exchange with Ripple Partnership, Could This Trigger XRP’s ...

What is the Crypto Fear & Greed Index? How to Use it?

Crypto Trader Accumulates $990K Transacting Neiro Tokens

Bybit Provisional License Now Approved in Dubai

BaseBros DeFi project enacts rug pull, steals over $130k

Join our free newsletter for daily crypto updates!