10.11.18
SEC's IG Says Cryptocurrencies Burdening Oversight Efforts
by: Patrick Temple-West
The rapid growth of blockchain technologies and cryptocurrency markets is burdening the SEC's oversight efforts, the regulator's inspector general (IG) said in an annual report. The SEC is increasingly tasked with oversight of more investment advisors and other stock market participants, the IG said. “In addition, both the scope and number of clearing agencies required to be examined by the SEC have grown,” the report said. “At the same time, there has been rapid growth in distributed ledger (i.e. blockchain) technologies and in the cryptocurrency markets.”
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