🤔 The US SEC has once again put the “innovation exemption” on hold. According to CoinDesk, a Friday “Reg Crypto” conference was originally canceled, and the SEC had planned to also release part of a draft exemption. Now, it seems this still needs to be delayed a bit longer.
My take is that this clearly reflects pressure from Wall Street and the White House on regulators. Once the exemption is implemented, it would blur the line between traditional finance and tokenized assets—something that upsets the established players who have a stake in the status quo. The SEC talks about protecting investors, yet it still doesn’t dare to truly loosen up the market. This back-and-forth may bring short-term relief to the crypto industry, but for the long run, it will still depend on political winds.
$BNB $ETH
My take is that this clearly reflects pressure from Wall Street and the White House on regulators. Once the exemption is implemented, it would blur the line between traditional finance and tokenized assets—something that upsets the established players who have a stake in the status quo. The SEC talks about protecting investors, yet it still doesn’t dare to truly loosen up the market. This back-and-forth may bring short-term relief to the crypto industry, but for the long run, it will still depend on political winds.
$BNB $ETH