Over the past two years, the US Securities and Exchange Commission (SEC) has opened more than 90 cases against crypto companies, according to the Wall Street Journal. The vast majority of the cases was considered this year.
The main reason behind? Losses incurred by deceived crypto-investors — target of illegal ICOs and fraudulent investment schemes. The exact amount of the total losses is unknown, though analysts suggest that it sums up to hundreds of millions of dollars.
In fact, one of the main advantages provided by cryptocurrencies — anonymity — may also be one of its worst sides, playing against investors and regulators. It’s no easy task, and in this ecosystem it’s sometimes impossible, to track stolen funds and scammers.
Still, one thing is certain: SEC will most likely strengthen its control over the crypto market next year.
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