The head of the Securities and Exchange Commission’s investment management office said the agency is weighing questions related to newly-registered funds that plan to hold cryptocurrencies.
Speaking at the ICI Securities Law Developments Conference in Washington, D.C., on Thursday, Division of Investment Management director Dalia Blass offered some insight into how the agency – tasked with policing investment activity in the U.S. – is grappling with some of the issues posed by firms that are holding and investing wholly digitized assets.
“We also continue to think about new innovations in asset management. For example, we have seen several filings for registered funds that would hold cryptocurrency. As with any new product, there are questions to ask,” Blass told attendees according to a transcript of her remarks.
Some of those open questions include how to differentiate different types of assets and whether sufficient information is being provided to prospective investors regarding the related risks…
Read Full: SEC Official: Cryptocurrency Investment Funds Raise Questions
