The Securities and Exchange Commission (SEC) of the United States issued its annual examination priorities on how it will keep track of emerging risks, and one highlight was the handling of crypto assets.

According to the annual examination priorities announced on 7 February by the Securities and Exchange Commission’s Division of Examinations, U.S. broker-dealers and investment advisers dealing in cryptocurrency will face increased scrutiny this year.

The agency will concentrate its efforts on SEC-registered investment firms that provide or advise on cryptocurrencies. Moreover, it will ensure that the firms follow their respective standards of care when making recommendations, referrals, or providing investment advice.

(By Suzuki Shillsalot)