The U.S. Securities and Exchange Commission (SEC) has reportedly launched an investigation into whether crypto exchanges have adequate protection against insider trading activities.
The SEC is examining insider trading activities in stock markets, according to a report by Fox Business citing sources said to have direct knowledge of the matter. According to the source, the regulator sent a letter to the exchanges questioning what measures it has taken against such activities. Noting that the letter was sent to at least one major crypto exchange, the source also stated that the investigation aims to cover other exchanges.
The said letter was reportedly sent after the collapse of the LUNA and the UST.
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