The US Securities and Exchange Commission (SEC) took a historic step Monday in the battle against market dips by authorizing unlimited margin trading for children aged 12 to 15.
“By allowing children as young as 12 to trade with unlimited margin, we are protecting the integrity of our crypto markets against dips,” said SEC Chairman Gary Gensler at a press conference.
The move will likely bring hundreds of thousands of new traders into the market to support the prices of Dogecoin, SafeMoon, ElonSperm and several other cryptocurrencies critical to the US financial system.
The SEC authorized funds for initiatives to help children download and setup accounts with crypto brokerages. Analysts say that the SEC will push for those brokerages to remove any language warning new investors of the risk of margin trading.