The SEC is expected to up its scrutiny of crypto brokerage or investment firms that offer advice on cryptocurrencies. A Feb. 7 statement from the Securities and Exchange Commission’s Division of Examinations outlined its priorities for 2023, which suggests that brokers and advisers dealing in crypto will need to be extra careful when offering, selling, or making recommendations regarding digital assets. SEC to Closely Monitor Crypto Firms Offering Advice on Cryptocurrencies According to the statement, SEC-registered brokers and advisors will be closely watched to see if they followed their “respective standards of care” when making recommendations, referrals, and providing investment advice. The The post SEC to Step Up Inspection of Crypto Consultancy Firms appeared first on Cryptoknowmics-Crypto News and Media Platform .
