Regulators are looking for Crypto Exposure

What is happening? The Wall Street Journal reports that “Securities and Exchange Commission issued a proposal Wednesday that would require large hedge funds to report their cryptocurrency exposure through a confidential filing known as Form PF.”

Why is this important? Crypto is not heavily regulated and now we’re seeing a scramble for regulation and oversight.

How will this be important? Regulators are getting twitchy because of ac concern of financial collapse if crypto holdings extend too far into traditional financial institutions before regulations are in place.

Wall Street Journal | Regulators Weigh Asking Hedge Funds to Report Crypto Exposure