The U.S. Securities and Exchange Commission has launched a sweeping inquiry into whether crypto exchanges have proper safeguards to prevent insider trading on their platforms, FOX Business has learned.
According to a person with direct knowledge of the inquiry, the SEC has sent a letter to one major crypto exchange requesting information about how the platform protects users from insider trading facilitated through its network, but, this person believes the inquiry covers other exchanges as well.
‘Enforcement 40’ for 2020
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