Investopedia - The SEC is cracking down on cryptocurrency fraud by increasing enforcement and potentially classifying some cryptocurrencies as securities

https://www.investopedia.com/news/how-sec-regs-will-change-cryptocurrency-markets/

The SEC is increasing its enforcement of cryptocurrency due to a rise in fraud and a lack of investor protection.

The agency believes cryptocurrencies can be securities and wants them to register and comply with regulations.

The SEC's actions aim to prevent fraud, improve market transparency, and protect investors.

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