No Golden Retreat – We have known for a long time that the Securities and Exchange Commission (SEC) don’t really like Bitcoin (BTC) and cryptocurrencies. On the other hand, the US financial policeman would like to do well “ a group price to classify all cryptos as securities (securities), to be able to regulate them in his own way. Now the SEC also doesn’t want U.S. retirees to be able to “to risk” their money in cryptos.
>> To invest in cryptos and stocks, register with Trade Republic. a gift of 20€ (subject to a deposit of 2000€) is waiting for you (commercial link) <<
Crypto-assets perceived as “a risk” by the SEC
In “investor alert” published on February 7, 2023, the Securities and Exchange Commission issues a warning on the “risks” (word appearing 17 times in the short press release) relating to ” alternative investments ” in the individual accounts of retirement (IRA).
Those are the self-directed IRA funds which are particularly targeted by the SEC, because they allow contributors to invest in a range of assets wider. And among these alternative assets, there are of course the essentials crypto-assets. The US financial policeman is therefore working to to discourage retirement savings in cryptocurrencies, as they would be likely to be securities not regulated by him.
“Crypto-assets may be securities offered without registration with the SEC (…), and may not be accompanied by complete or accurate information to help investors make informed decisions. Additionally, many exchanges that exchange these cryptoassets refer to themselves as “exchanges,” which can give investors the false impression that they have registered with the SEC. »
Definitely, it is to wonder if the Securities and Exchange Commission will evolve to change its mind one day. Despite his legal fight to have the XRP of Ripple in securities which turns against the financial policeman. Obviously, the SEC seems unable to substantiate its assertion. However, she is not giving up on her ambitions to poke his nose in all the crypto projects that have the misfortune to come within reach of its sharp claws.
Are you looking for a secure platform to trade stocks and cryptos? Register now on Trade Republic. You will receive a gift of 20€ (subject to a deposit of 2000€) to enjoy the best of both worlds. In addition, your funds are guaranteed there up to €100,000 (commercial link).