2 years ago
The latest Cointelegraph Report tries to marque consciousness of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the imaginable outcome.
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The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been astatine the forefront of the United States' cryptocurrency crackdown. In the past fewer months, the bureau has filed respective enforcement actions against large crypto companies that allegedly violated information laws.
Critics accidental the bureau has adopted a regulation-by-enforcement attack without providing a due acceptable of rules that acceptable the unsocial features of crypto assets. A large root of disorder is the explanation of a information and whether it tin use to a highly divers acceptable of assets specified arsenic cryptocurrencies.
Despite being pressured successful a legislature proceeding past week, Gensler seems unwilling to instrumentality connected the governmental work of entering a constructive dialog with the industry.
For galore crypto companies targeted by the SEC, the prime is betwixt entering an costly ineligible conflict with the regulator oregon shutting down operations successful the US and moving overseas. Most crypto companies volition apt similar redeeming millions of dollars successful ineligible expenses and opt for the second option.
To larn much astir however the SEC has waged warfare connected crypto and the imaginable consequences, cheque retired the latest Cointelegraph Report on our YouTube channel, and don't hide to subscribe!
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