SEC and cryptocurrencies: time for new rules? 🤔
Heated debates around crypto regulation are flaring up in the US! 🔥 The Digital Chamber has addressed the SEC with a loud statement: it's time to reconsider the approach to the crypto industry. 💼
What do they propose?
👉 Review all investigations, Wells notices and lawsuits to improve relations with the crypto business.
👉 Abandon the strategy of "regulation through punishment".
👉 Update the 2019 Howey test, which determines the status of digital assets.
👉 Terminate cases where there is no fraud or real damage.
With the new changes in the Trump administration, the industry expects softer rules and more dialogue with regulators. 🇺🇸 But will the SEC get on this wave? So far, everything is up in the air... 🌪️
Your thoughts? 💬 Should we change our approach to cryptocurrencies or are the current rules fair? 🤔