đ **SEC's New Definitions: A Crypto Rollercoaster!**
- SEC Chairman Gary Gensler announced plans to redefine "exchange" and alternative trading systems at the US Treasury Market Conference on Sept. 26.
- The changes, aimed at boosting the Treasury bond market, have crypto enthusiasts raising eyebrows. đ€š
- New rules could extend to decentralized finance (DeFi) platforms, sparking debates on constitutionality.
- Prometheum and tZero are the first to get special broker-dealer status for digital assets.
- Gensler claims existing laws already cover crypto, but the industry remains skeptical.
Source: Gary Gensler