The Securities and Exchange Commission (SEC) is considering a plan to restrict digital asset exchanges from seeking benefits for clients from deposit and lending services, or encouraging others to do so, in order to protect investors and the public against fraud.
In a statement issued yesterday, the SEC said its board agreed to ban digital asset businesses from taking deposits and lending to others for the benefit of their clients.
The resolution prevents investors from thinking that such services performed by digital asset exchanges are under the supervision of the regulator, said the SEC.
