Seeking Alpha 2021-09-24 15:50:46

Digital asset funds offer exposure to risky cryptos under SEC inspection - WSJ

The legal viability of cryptocurrencies included in funds managed by digital currency asset managers like Grayscale Investments is coming under scrutiny by the Securities and Exchange Commission, the Wall Street Journal reports. Grayscale Investments launched a fund two months ago that invests in tokens tied to crypto-trading platforms including Uniswap ((UNI-USD -7.3%)) and Sushiswap ((SUSHI-USD -7.9%)); the SEC is investigating the startup behind Uniswap, the WSJ reported earlier this month. SEC Chairman Gary Gensler said regulators are examining whether crypto trading and lending platforms violate SEC rules, which could determine whether the assets the platforms allow to be exchanged are securities. Grayscale says it warns potential investors of the risks involved. "It's a new space, and they are intrigued by the innovation but also understand that these risks that do come along with this asset class, given how new it is and the regulatory uncertainty that we currently have," Craig Salm,

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.
Helpful Resources: AWDSportsCars.com | GardenGay.com | MoviesNTVSeries.com | MuzicFanatic.com