SEC Commissioner Calls for 'Consistent Legal Framework' for All Asset Classes, Including Crypto
Noting that the securities regulator has “pursued registration violations in a seemingly random fashion, often years after the original offering,” the commissioner stressed: “When we insist on applying the securities laws in this manner, secondary purchasers of the token often are left holding a bag of tokens that they cannot trade or use because the SEC requires special handling consistent with the securities laws,” Peirce warned. “Many of these requirements are enforced under a strict liability standard, so clarity is essential.
Heigh street going next 100$
I thank her for all her work on behalf of bitcoin and crypto.
Agreed! We need regulatory clarity to unlock the full potential of DeFi. Let's work together to make sure it's done in a compliant way and we can hodl, trade and transact crypto with confidence! DeFi blockchain
It's great to see regulators attempting to provide a regulatory framework for cryptocurrency. I'm hopeful this will bring more stability and confidence for investors to enter the cryptosphere.
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DeFiloud 😂
Agreed! We need clear regulations to ensure the crypto industry can reach its full potential. We can't HODL our way to mass adoption, let's Moon!
Not a good news ... Every 'suggestion' coming from SEC is wreaking havoc in the crypto sphere
Good luck to them.
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Source: Cointelegraph - 🏆 562. / 51 Read more »