One of Bloomberg’s leading columnists Matt LevineIn a recent article, the US Securities and the Stock Exchange Commission (SEC) argued that the option to completely prohibit crypto money is now lifted from the table. According to Levine, the impact in the sector makes a comprehensive ban actually impossible. Former SEC President Gary Gensler also refers to the strict attitude of the author, the crypto money to ignore the fact that it is not realistic.
SEC’s crypto money ban is no longer possible
Levine, in his opinion article, “That ship already set out” crypto currencyHe said the possibility of prohibition in the United States has been in the past. Hundreds of billions of dollars of market value, corporate investments and growing user base make it difficult for politicians to support this option.
Previous president Gary GenslerMost of Coins had created a de facto prohibition by defining the necessity of registering as securities. Levine argued that this perspective ignored and blinded the innovation of experimental or community -oriented projects.
The author is in New York -based Bloomberg In his published article He recalled that the Crypto currency economy is integrated into the business model, from technology companies to financial giants, because the SEC cannot prefer both the ban and indifference.
According to Levine’s assessment, the main question in Washington is now “how to control”. As in the early years of the Internet, writing rules that clarify the fields of activity and responsibilities turned into a political obligation.
POINT SEC for appropriate arrangements
As a payment tool and speculative investment of crypto currency, the double -character structure creates pressure on regulators. Levine, coins securities He admitted that he had similar features, but he added that the existing rules cannot be applied one -to -one, a special framework. At this point, the current president Paul Atkins‘Project Crypto ”initiative announced last week. According to Levine, the fact that different crypto currency types become registered under the guidance of the SEC will be the most practical method of balancing innovation with investor protection.
“Most Coin is not the value of coins, At Atkins’ statement points to a serious softening in SEC’s attitude. Levine believes that this approach can support market surveillance and technological development by establishing a dialogue between the sector and the regulatory.
The author, the lightest explanation obligations to be derived from the laws of securities, maintained the rate of innovation of the projects while protecting the investor from deceptive promises. Thus, the demand for transparency will ensure that the initiatives are included in the system in a controlled manner rather than pushing them out of registration.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
