The US Securities and Exchange Commission (SEC) is preparing to examine up to 100 hedge funds that deal with cryptocurrencies, a person familiar with the matter told WSJ March 22.
The initiative is separate from the dozens of cryptocurrency probes, which mainly target companies the SEC suspects of running afoul of securities laws via Initial Coin Offerings (ICO).
While examiners will report any suspicious activity uncovered in the course of their examinations, the main purpose of the initiative is to inform how the commission’s policies should address cryptocurrencies, the source told WSJ.
https://cointelegraph.com/news/wsj-sec-to-examine-up-to-100-crypto-related-hedge-funds