The Fly

SEC expands probe into FTX, WSJ reports

The U.S. Securities and Exchange Commission has expanded its probe into cryptocurrency platform FTX following its implosion this week, the Wall Street Journal’s Paul Kiernan reports, citing a person familiar with the matter. The probe, which has been ongoing for months, is centered on the company’s FTX.US business, which lists dozens of digital tokens, Kiernan says. Regulators believe some of these assets, as well as the company’s lending product, may constitute securities under U.S. law that should have been registered with the Commission prior to their sale to U.S. investors, the author notes. Reference Link

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