“The Securities Regulator’s Long-Delayed Rule Expanding the Scope of Regulated Exchanges Shouldn’t Have Tried to Include Crypto, Mark Uyeda Argues.”, – WRITE: www.coindesk.com
The ru have been years in the Making and Is Waiting to be Finalized at the Agency, But Uyeda Has Asked Staff at the Sec To Put the Brakes on that.
“In my View, It Was A Mistake for The Commission to Link Togtinger Regulation of the Treasury Markets with A Heavy-Handed Attempt to Tamp Down The Crypto Market The Institute of International Bankers in Washington. “In Light of the Significant Negative Public Comment Receives on the Definition of Exchange with Respect to Crypto, I have asked Sec Staff for Options on the Abandonging that Part of.
Read More: US Sec Out-of-Bounds in Dragging Defi Into Proped Exchange Rule, Industry Says
The New Way the Agency Had Sounght to Identify Exchanges Under Iter Jurisdification Was to Say in Included Certain “Communications Protocols,” But Those Were Sufficient. Up Various Protocols used with Respect to Crypto Assets, “Uyeda Said.
The Rule Proposal Had Been Among Several Made Under The Tenure of Former Chair Gary Gensler, Whose Crypto Work Has Been Targetd by The New Leadership Elevated BY President Donaldandaldandald.
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