SEC Restricts High-Leveraged ETFs, Curbing Crypto Trading Potential

The US Securities and Exchange Commission (SEC) has intervened to halt the launch of highly leveraged exchange-traded funds (ETFs) that seek to triple or even quintuple daily returns on stocks, commodities, and cryptocurrencies. The agency sent nine separate warning letters to issuers like Direxion, ProShares, and Tidal, informing them their proposed products would not undergo review.