These abuses should not occur, especially as the law already exists to put a stop to most of them. Simply bringing digital asset securities under the jurisdiction of the securities laws to the greatest extent possible would allow the SEC to address abuses related to, among other things, asset valuation, through information disclosure requirements, accounting rules, government-regulated data sources, and rules to prevent fraud and manipulation, so that investors can know what their assets are worth; custody, through capital requirements, information technology mandates, and Securities Investor Protection Corporation insurance for up to $500,000, so investors can know their assets are safe; and market access, through requirements to maintain business continuity plans and rules around systems compliance. These latter plans and rules would mean that brokerages and exchanges have minimal errors and outages and that investors have continuous market access. No new regulations would be required; the SEC would only have to enforce the law.
accounting rules for treasuries 1992 pdf
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