Securities and Exchange Commission has issued a warning to investors about the use of "proof of reserves" in the cryptocurrency industry.
SNEAK PEEK
- The SEC has issued a warning to investors about the concept of “proof of reserves” in the world of cryptocurrency.
- Tether is under investigation by the SEC and experts have warned that its collapse is imminent.
- Coinbase cryptocurrency exchange platform has recently received a Wells Notice from the SEC and has suspended Algorand (ALGO) staking as a result.