• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

SEC, CFTC may seek crypto exposure reports from hedge funds

August 10, 2022
in Regulations
Reading Time: 2 mins read
A A
ShareShareShareShareShare

US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on Aug. 10.

The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) would likely issue a joint proposal asking large hedge funds to use Form PF to report their crypto investments.

The form would give the regulators insight into the level of exposure hedge funds have to digital assets. It would also allow them to gauge the effects of a crash on the overall economy.

Form PF came into existence after the financial crisis of 2008. It is designed to allow regulators to identify bubbles and any potential risk to economic stability. The form was necessary given that most operations of hedge funds are usually confidential.

Federal agencies use the Form to collect data which they will publish as aggregated statistics about the industry.

The SEC chairman Gary Gensler said:

“Gathering such information would help the Commissions and [financial-stability regulators] better to observe how large hedge funds interconnect with the broader financial services industry.”

With the new proposal, any hedge fund with more than $500 million in net assets will have to report crypto exposures, borrowing arrangements, and portfolio concentrations.

The plan to include data about cryptocurrency in the Form PF comes at a time when the concerns about market contagion are high amidst the recent sharp decline in the value of cryptocurrencies.

It also shows that the SEC and CFTC are concerned about the impacts of cryptocurrencies on other assets as more traditional financial institutions gain exposure to the asset class.

The move is not surprising given the recent decline in the value of cryptocurrencies that saw the market cap drop from around $3 trillion to below $1 trillion within months.

Several stakeholders, including the International Monetary Fund, have discussed how increasing cryptocurrency adoption by traditional financial institutions could affect the global economy if crypto crashes.

Nevertheless, institutional investors are still drawn to the industry, as can be seen with the new partnership involving Coinbase and the largest asset manager in the world, BlackRock.

Posted In: U.S., Regulation

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Credit: Source link

Related articles

Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’ Crypto Regulation

January 27, 2023

Bitcoin Above $23K as White House Calls for Crypto Regulatory Effort – CoinDesk

January 27, 2023
ShareTweetSendPinShare
Previous Post

Our Sole Plan Is To Support The Ethereum PoS Chain, Says Circle

Next Post

New EU Law Will Regulate NFT Collections Like Cryptocurrencies

Related Posts

Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’ Crypto Regulation

January 27, 2023

Latest PricesCoinDesk Market Index (CMI)1,092.39 +6.2 ▲ 0.6% Bitcoin (BTC)$23,144 +66.7 ▲ 0.3% Ethereum (ETH)$1,603 −0.8 ▼ 0.0% S&P 500...

Bitcoin Above $23K as White House Calls for Crypto Regulatory Effort – CoinDesk

January 27, 2023

Bitcoin Above $23K as White House Calls for Crypto Regulatory Effort  CoinDesk Credit: Source link

Federal Reserve denies membership to crypto adjacent bank Custodia

January 27, 2023

The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the...

UK’s FCA Gives Regulatory Approval To Crypto Firms But Only A Few, Here’s Why

January 27, 2023

Despite its goal to become a crypto hub, the United Kingdom (U.K.). is still strict with its crypto regulations. Today,...

Most People Want This Drug Regulated Less Strictly Than Crypto and Teslas

January 27, 2023

Over the last few years, U.S. regulation of marijuana has become even more of a mixed bag and story of...

Load More
Next Post

New EU Law Will Regulate NFT Collections Like Cryptocurrencies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Crypto firms poised to spend more on compliance

January 10, 2023

Wallets with 0.1 BTC to 1 BTC hold over 1M Bitcoin

December 30, 2022

SBF met Biden aides to discuss crypto policy before FTX downfall

December 30, 2022

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Amazon Developing Blockchain & NFTs Gaming Platform: Report
  • BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
  • Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,130.001.20%
  • ethereumEthereum(ETH)$1,602.172.09%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.07%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • binancecoinBNB(BNB)$308.811.63%
  • rippleXRP(XRP)$0.4128111.39%
  • binance-usdBinance USD(BUSD)$1.000.05%
  • cardanoCardano(ADA)$0.3918594.66%
  • dogecoinDogecoin(DOGE)$0.0883413.54%
  • matic-networkPolygon(MATIC)$1.154.84%
  • okbOKB(OKB)$39.009.12%
  • solanaSolana(SOL)$24.623.36%
  • staked-etherLido Staked Ether(STETH)$1,598.672.08%
  • polkadotPolkadot(DOT)$6.603.11%
  • shiba-inuShiba Inu(SHIB)$0.0000122.84%
  • avalanche-2Avalanche(AVAX)$20.9516.89%
  • litecoinLitecoin(LTC)$89.332.35%
  • tronTRON(TRX)$0.0634882.69%
  • uniswapUniswap(UNI)$6.883.61%
  • daiDai(DAI)$1.00-0.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,129.001.34%
  • cosmosCosmos Hub(ATOM)$13.736.38%
  • ToncoinToncoin(TON)$2.607.62%
  • leo-tokenLEO Token(LEO)$3.843.66%
  • chainlinkChainlink(LINK)$7.444.94%
  • moneroMonero(XMR)$179.554.94%
  • ethereum-classicEthereum Classic(ETC)$22.112.51%
  • AptosAptos(APT)$17.87-0.62%
  • bitcoin-cashBitcoin Cash(BCH)$134.871.12%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0938772.68%
  • apecoinApeCoin(APE)$6.240.01%
  • nearNEAR Protocol(NEAR)$2.636.67%
  • quant-networkQuant(QNT)$153.573.94%
  • crypto-com-chainCronos(CRO)$0.0823703.62%
  • filecoinFilecoin(FIL)$5.461.73%
  • lido-daoLido DAO(LDO)$2.405.01%
  • algorandAlgorand(ALGO)$0.2625468.23%
  • vechainVeChain(VET)$0.0248655.02%
  • hedera-hashgraphHedera(HBAR)$0.0695803.81%
  • internet-computerInternet Computer(ICP)$6.015.02%
  • axie-infinityAxie Infinity(AXS)$11.802.88%
  • decentralandDecentraland(MANA)$0.729.32%
  • aaveAave(AAVE)$87.411.04%
  • the-sandboxThe Sandbox(SAND)$0.776.19%
  • eosEOS(EOS)$1.110.74%
  • fantomFantom(FTM)$0.4784911.32%
  • flowFlow(FLOW)$1.102.76%
  • elrond-erd-2MultiversX(EGLD)$45.384.56%