The US will check the activities of each cryptocurrency exchange

The U.S. Securities and Exchange Commission (SEC) is planning to inspect the activities of every cryptocurrency exchange operating in America.

As it became known, American exchanges received a Wells notice from the SEC (a letter that the SEC sends to users or companies when it plans to initiate an enforcement action against them). Wells informed company representatives about the enforcement action. According to an unnamed informant, this SEC inspection will differ from standard procedures for crypto exchanges and will more rigorously scrutinize their activities.

It seems that the US Securities and Exchange Commission continues to fight for regulatory control over cryptocurrencies and is unlikely to stop in the near future. The possible dismissal of SEC Chairman Gary Gensler may contribute to the easing of regulatory policy — cryptocurrency investors have created a petition demanding Gensler 's dismissal. The SEC chairman is accused of obstructing the activities of crypto investors, non-compliance with the law, and lack of competent supervision over the activities of market makers.

The Commodity Futures Trading Commission (CFTC) is also trying to control cryptocurrencies. Recently, it became known that brokers, custodians, dealers, and businesses that trade in digital assets are required to register with the CFTC — otherwise they face punishment.