According to media reports, Gensler, chairman of the Securities and Exchange Commission (SEC), said that cryptocurrency platforms that promise returns to investors should not think they can evade the regulation of SEC. Without security, he warned, many people would suffer. SEC's position is based on the "Howie Test", which means that if someone invests in a common cause and only expects to profit from the efforts of a third party, then the investment contract is subject to federal securities law.
SEC主席称提供回报的加密货币产品无法逃避监管
Chairman of SEC says cryptocurrency products that provide returns cannot escape regulation
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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