Coin Gabbar Token

<h2 id="header-0">Web3 venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) for its approach to crypto regulation.</h2>The firm claims that SEC Chair Gary Gensler&#39;s attempts to force crypto assets that may not be securities into a disclosure framework are bad policy.The firm&#39;s policy piece highlights that the current disclosure policy was developed in the 1930s, long before the internet, and is not tailored to the unique characteristics of crypto markets. As a result, the <a href="https://www.coingabbar.com/en/crypto-currency-news/sec-chair-gensler-calls-for-increased-funding-to-combat-cryptocurrency-fraud" rel="noopener noreferrer nofollow">SEC is failing </a>to provide crypto asset users and investors with the necessary information and is not offering viable paths to compliance for crypto entrepreneurs.Paradigm notes that most cryptocurrencies do not provide holders with legal rights against a centralized entity, unlike securities that provide the holder with legal rights. Additionally, crypto assets can be traded peer-to-peer on a fundamentally different technology stack. These characteristics make them fundamentally different from traditional securities and stocks, which trade on an &#34;archaic system full of intermediaries.&#34;The criticism of the SEC&#39;s approach to crypto regulation is not new. Congressman Warren Davidson has also been vocal about the agency&#39;s policies, introducing legislation aimed at replacing Gensler with an executive director that reports to the board.During a hearing on SEC oversight on April 18th, <a href="https://www.coingabbar.com/en/crypto-currency-news/is-gary-gensler-the-real-villain-for-crypto-in-america" rel="noopener noreferrer nofollow">Gary Gensler</a>, the Chair of the United States Securities and Exchange Commission (SEC), faced tough questioning from the House Financial Services Committee Chair, Patrick McHenry, regarding his refusal to classify Ether as either a commodity or a security.As the crypto market continues to grow, there is a need for a regulatory framework that recognizes the unique characteristics of crypto assets and balances investor protection with innovation. The criticism from industry representatives and lawmakers highlights the importance of addressing this issue sooner rather than later.

Paradigm Accuses SEC of Using Brute Force in Crypto Regulation

目錄

Coingabbar

在 2023年4月22日發表的其他文章

The Blockchain Oracle Summit Returns: at EthCC in Paris

Ethereum Price Analysis 22/04: Large ETH Transfer by Whale Followed by Exchange and Withdrawal Fr...

Planting Trees: A Simple Step towards Saving the World

Former SEC Chair Jay Clayton suggests cryptocurrencies may not always be securities

Crypto and the Gig Economy: Opportunities for Freelancers

Miami Mayor hints at the resurgence of cryptocurrencies

訂閱免費電子報，每天收取加密貨幣最新動態！