Based

Rule

DeFi

Gary

The U.S. Securities and Exchange Commission (SEC) has given approval to adopt rules that would require market participants with significant liquidity provider roles to comply with federal securities laws and provide regulatory coverage for cryptocurrencies. 
The SEC voted 3-2 in favor of adopting the rulemaking at its meeting today. The 247-page regulation will apply to individuals trading in crypto assets that meet the definition of securities or government securities, except for those with assets under $50 million. Based on the adopted rule, the rules are expected to impact decentralized finance (DeFi). 
The new rules include the following statements: 
<blockquote> 
 “If an individual's trading activities in cryptoasset securities, including products, structures, and activities engaged in the so-called DeFi market, meet the definition of 'as part of a normal business' as set forth in the final rules and no exceptions or exemptions apply, that individual will be required to register as a broker or government securities dealer.” 
</blockquote> 
Related News: <a href="https://en.bitcoinsistemi.com/which-altcoins-could-be-listed-on-binance-futures-in-the-coming-days-here-are-the-guesses/" target="_blank" rel="dofollow">Which Altcoins Could Be Listed On Binance Futures In The Coming Days? Here Are The Guesses</a> 
The crypto industry had previously rejected the rule in comment letters to the SEC after it was first proposed in March 2022. Some commenters argued that the rule was unreasonable for DeFi products because they lack a central control body and are merely software. 
SEC Chairman Gary Gensler noted the $50 million exception limit and stated that there is demand for the rule in both the crypto and non-crypto space. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sec-approves-new-rule-that-will-affect-cryptocurrencies/">SEC Approves New Rule That Will Affect Cryptocurrencies</a>

SEC Approves New Rule That Will Affect Cryptocurrencies

Bitcoin Sistemi EN

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