Crypto Market Updates: U.S. In 'Positive' Regulatory Outlook, Claims CEO of

The US Securities and Exchange Commission's stance on cryptocurrencies has remained largely unchanged since it opened its investigation into the digital asset industry in early 2019, according to multiple sources familiar with the matter.

This means that cryptocurrency exchanges and other companies that trade cryptocurrencies do not need to register with the SEC as an exchange, a requirement for many hedge funds and other financial institutions looking to sell coins or tokens that can be used for settlement or speculation. Another source said that the SEC also does not believe that cryptocurrencies are securities under current law.

However, some industry observers said those restrictions could soon change if regulators decide to increase enforcement on crypto platforms. The SEC declined to comment on its stance on cryptocurrencies this week, but declined to comment last month when asked if it would seek stricter regulation of digital assets like Bitcoin or Ether (ETH).