$BTC drops for a third straight day and is down 10% over the last 7 days, and the SECGov cautions advisers about recommending crypto to clients. LedesmaLyllah reports.
The U.S. Securities and Exchange Commission is advising brokers and investment advisersbefore they recommend digital assets to ensure the risky products are in the best interests of their clients. A Thursday staff bulletin – outlining the duties the advisers have to customers – specifically mentioned crypto, continuing the agency’s recent focus on the sector after having largely ignored digital assets in its rules and guidance until last year.
the company announced in a blog post on Wednesday. The U.S. crypto exchange received a Class F license from the Bermuda Monetary Authority, which allows the company to operate as a digital-asset exchange in that territory. The news comes two days after CEO Brian Armstrong indicated the U.S.-based exchange would consider moving out of the U.S. if clear crypto regulation isn't enacted.
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