The U.S. Securities and Exchange Commission (SEC) has proposed new rules aimed at increasing regulatory oversight of cryptocurrency exchanges.
The proposed regulations would require exchanges to register with the SEC, adhere to stricter reporting standards, and implement comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols.
The SEC’s move comes in response to growing concerns about the risks associated with unregulated trading platforms, including market manipulation, fraud, and the potential for systemic risk.
The proposed rules have sparked debate within the crypto community, with some arguing that they could stifle innovation, while others see them as necessary for protecting investors and legitimizing the industry.
