The US SEC Gets Serious About Crypto Regulation; Bifurcation On The Horizon – Investing.com
- Date: 20-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
The US SEC Gets Serious About Crypto Regulation; Bifurcation On The Horizon – Investing.com
This article was written exclusively for Investing.com
Regulation is a thorny issue for global assets and the markets in which they're traded. Before the 2008 worldwide financial crisis, regulation in the commodities markets was not what it is today. Futures markets were regulated, and US market participants had to be careful when dealing abroad.
The Foreign Corrupt Practices Act of 1977 prohibits US citizens and companies from bribing foreign government officials to benefit their business interests. The Act put US commodity traders and raw material producers—as well as consumers—at a disadvantage to many other countries.
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