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FTX collapse sparks calls for SEC to take legal action against crypto exchanges

Agency hasn’t taken action against a major crypto exchange despite scrutiny

Pressure is mounting on the Securities and Exchange Commission to step up enforcement of key hubs of the crypto industry after the collapse of FTX last month.

FTX’s bankruptcy put the focus on crypto exchanges, the primary hubs for individual investors that offer such services as digital coin sales, lending and the safekeeping of assets. Despite investigating parts of the industry for over six years, the SEC has yet to sue a major crypto exchange.

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