SEC holds primary responsibility for enforcing the federal securities laws and regulating the securities industry in the United States.
The US Securities and Exchange Commission (SEC) is an independent agency of the United States federal government. The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, the nation’s stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.
In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1933 (now codified as 15 U.S.C. § 78d and commonly referred to as the Exchange Act or the 1934 Act).
Revolut has a lot to gain from the stock trading offering in the United States, as more people are getting increased education to commit their funds to work for them as traditional investment options are no longer attractive.
To avoid a further scuffle with the US SEC, Coinbase decides to drop its plan of crypto lending services with the USDC stablecoin.
The Coinbase Prime platform will handle large-sized orders and will serve as a one-stop solution for “advanced trading, battle-tested custody, and financing”.
