🇺🇸📜 THE SEC AND CFTC ARE MOVING FORWARD WITH CRYPTO RULES
I just saw that in the United States, the SEC and CFTC, the two agencies that regulate the markets, decided to move forward with their own rules for cryptocurrencies after Congress failed to pass the market structure bill (the CLARITY Act) in September.
The SEC has already proposed a rule that would allow crypto companies to raise capital without going through traditional securities registration, and the CFTC is seeking input on how to regulate leveraged trading—that is, trading with borrowed money.
Opinion: It’s a good sign for the industry that the agencies are moving forward on their own, but if the rules depend on who’s in charge, they could change with every administration. What would really provide peace of mind is a law passed by Congress.
Do you think the United States will end up with clear rules for crypto, or will this keep changing with every administration?
#Crypto
I just saw that in the United States, the SEC and CFTC, the two agencies that regulate the markets, decided to move forward with their own rules for cryptocurrencies after Congress failed to pass the market structure bill (the CLARITY Act) in September.
The SEC has already proposed a rule that would allow crypto companies to raise capital without going through traditional securities registration, and the CFTC is seeking input on how to regulate leveraged trading—that is, trading with borrowed money.
Opinion: It’s a good sign for the industry that the agencies are moving forward on their own, but if the rules depend on who’s in charge, they could change with every administration. What would really provide peace of mind is a law passed by Congress.
Do you think the United States will end up with clear rules for crypto, or will this keep changing with every administration?
#Crypto
