crypto asset securities

According to reports, the US Securities and Exchange Commission issued an investor alert urging caution in encrypting asset securities. The SEC stated that crypto companies that provide proof of reserves may not be able to ensure that the entity holds sufficient assets, and those companies that provide crypto asset investments and services may not comply with U.S. law. Unregistered issuance of crypto asset securities may not provide critical information, including audited financial statements, making it impossible to make informed decisions. Interpretation of this information: The US Securities and Exchange Commission…