2024

Pacific

Coin

<ul class="news-points"> 
 <li><strong>According to Peter Schiff, the SEC is seizing powers beyond its jurisdiction.</strong></li> 
 <li><strong>Schiff thinks the SEC’s recent enactment was not backed by law.</strong></li> 
 <li><strong>The SEC recently adopted two rules for market participants who engage in specific dealer roles.</strong></li> 
</ul> 
<p>According to Peter Schiff, American stockbroker and Chief Economist at Euro Pacific Asset Management, the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> is seizing powers beyond its jurisdiction. Schiff noted that the regulator unilaterally changed the definition of a “security dealer” to allow it to regulate something that is not.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">How can the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SEC</a>, a government agency, on its own change the definition of a "security dealer," so that it can regulate something that is not actually a security dealer, without any law having been passed to authorize such regulation? We are a nation of laws, not bureaucrats.</p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1755000205399687647?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 6, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In a recent post on X, Schiff remarked that what the SEC did was not backed by law, as none authorized such regulation. “We are a nation of laws, not bureaucrats,” he said.&nbsp;</p> 
<p>Schiff commented following a February 6 <a href="https://www.sec.gov/news/press-release/2024-14?utm_medium=email&amp;utm_source=govdelivery" target="_blank" rel="nofollow">press release</a> by the SEC claiming it has adopted …</p>
<p>The post <a href="https://coinedition.com/renowned-economist-criticizes-the-sec-over-recent-security-dealer-enactment/">Renowned Economist Criticizes The SEC Over Recent “Security Dealer” Enactment</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Renowned Economist Criticizes The SEC Over Recent “Security Dealer” Enactment

Coin Edition

Other articles published on Feb 7, 2024

The Transformative Year of 2023: Embracing the Decentralized Web With the Internet Computer Protocol

ATOM: Leverage This Buying Opportunity for 15% Gains

CYBER Price Prediction: Will CYBER Secure $7 Mark Amidst Selloff?

Why is Solana (SOL) price up today?

Avalanche price prediction for 2024: a comprehensive forecast

Crypto Markets Brace for Volatility As Fed Signals Delay in Rate Cuts

Join our free newsletter for daily crypto updates!