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SEC's Munter: Investors Should Proceed with Caution on Crypto Proof-of-Reserve Audits

The United States Securities and Exchange Commission (SEC) has issued a warning regarding audits of cryptocurrency companies, saying that investors should be “very wary” about relying on a company’s proof-of-reserves. In...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

SEC's Munter: Investors Should Proceed with Caution on Crypto Proof-of-Reserve Audits
The United States Securities and Exchange Commission (SEC) has issued a warning regarding audits of cryptocurrency companies, saying that investors should be “very wary” about relying on a company’s proof-of-reserves.
In a recent interview with the Wall Street Journal, Paul Munter, the SEC’s acting chief accountant, has warned investors "to be very wary of some of the claims that are being made by crypto companies." ...
Read More: SEC's Munter: Investors Should Proceed with Caution on Crypto Proof-of-Reserve Audits

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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