2 years ago
The U.S. Securities and Exchange Commission has reopened the remark play connected projected amendments to its Exchange Act, arsenic announced connected April 14.
The projected alteration concerns the explanation of “exchange” nether Exchange Act Rule 3b-16, which successful crook could impact crypto platforms.
Specifically, the caller explanation could broaden the explanation of speech to use securities regulations to services that are not usually considered exchanges, specified arsenic DeFi platforms — a anticipation acknowledged by the SEC today.
However, the SEC has not yet made the projected changes.
SEC Chair Gary Gensler said that the remark play volition “will assistance code comments … from assorted marketplace participants, peculiarly those successful the crypto markets.” He nevertheless affirmed that securities laws already use to galore crypto trading services.
The SEC archetypal projected the amendment successful January 2022. It antecedently reopened the remark play betwixt May and June 2022.
The station SEC reopens comments connected projected changes to “exchange” definition appeared archetypal connected CryptoSlate.
English (US) 