The United States Securities and Exchange Commission (SEC) is trying to enforce exchanges in implementing it’s Consolidated Audit Trail (CAT) system due to which crypto regulation may be delayed. The agency has been working on pressurizing broker-dealers and exchanges to implement the CAT system. With all hands on deck, it is highly possible that crypto-related approvals may be delayed until things normalize. The crypto markets have been waiting patiently for SEC to regulate blockchain-based security token offerings and related broker-dealers. However, the watchdog seemed to be eyeing a bigger fish. SEC is now working on revising the entire auditing system
