What are the motives behind the SEC's crackdown on everything crypto? What are its consequences? And how can the industry respond? Find out in our latest Cointelegraph Report!
The Securities and Exchange Commission , led by Chairman Gary Gensler, has been at the forefront of the United States' cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws.
Critics say the agency has adopted a regulation-by-enforcement approach without providing a proper set of rules that fit the unique features of crypto assets. A major source of confusion is the definition of a security and whether it can apply to a highly diverse set of assets such as cryptocurrencies.
Despite being pressured in a congressional hearing last week, Gensler seems unwilling to take on the political responsibility of entering a constructive dialogue with the industry. For many crypto companies targeted by the SEC, the choice is between entering an expensive legal battle with the regulator or shutting down operations in the US and moving overseas. Most crypto companies will likely prefer saving millions of dollars in legal expenses and opt for the latter option.
To learn more about how the SEC has waged war on crypto and the potential consequences, check out the latest
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Global impact of a Bitcoin soccer club: Decentralize with CointelegraphSo, let me get this straight — you want to put the Bitcoin logo on the jersey and promote the team into the Premier League? Here’s the realbedford audible story.
Leer más »
First Mover Americas: Coinbase Seeks Clear Answers From SEC.coinbase sues the SECGov in search of clear crypto rules, and $BTC's 50-day simple moving average is in focus after the cryptocurrency fell 11% from a 10-month high last week. LedesmaLyllah reports
Leer más »
Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity – Bitcoin NewsCrypto exchange Coinbase has filed a court action to press the U.S. Securities and Exchange Commission (SEC) about its July 2022 petition.
Leer más »
Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-securityDo Kwon filed a motion to dismiss SEC securities charges against him, arguing their claims are invalid and lacking proper jurisdiction.
Leer más »
Coinbase CEO backs 'Stand with Crypto' campaign after suing SECCoinbase's Brian Armstrong has backed an NFT project that aims to signal 'unity for the crypto community seeking sensible crypto policy.'
Leer más »
SEC looking to enact stiff penalties on schools if fans storm the fieldOne of the indelible images of the 2022 season was a sea of orange clad fans storming the Neyland Stadium field to celebrate Tennessee's last second victory over Alabama.
Leer más »