Investor Caution Advised for Crypto Asset Securities by US SEC and FASB.

The US Securities and Exchange Commission (SEC) has cautioned investors to be careful when investing in crypto asset securities, warning that platforms offering crypto trading may not be complying with federal securities statutes. The SEC has previously attempted to demonstrate that many crypto exchanges are operating as unregistered securities exchanges in the US. The regulator's warning comes the day after Coinbase disclosed the SEC issued it a Wells Notice indicating a possible imminent enforcement action tied to the exchange listing of potentially unregistered securities.