SEC
Making it a very eventful weekend for the protocol and community whose CEO just one day earlier issued a statement regarding a recent SEC subpoena.
First introduced in June of 2022, the bipartisan Lummis-Gillibrand bill aims to offer regulatory clarity and designate a leading authority.
Citing the SEC’s use of regulation by enforcement as one of the leading factors causing crypto companies to look elsewhere.
What does this mean for existing crypto card offerings and should holders be concerned?
Presenting companies and regulators with fundamental questions that speak to the relationship between a blockchain and a digital asset’s investors.
Or is the coverage favoring the stance of the SEC, who believes the stablecoin to be a “security,” as it ordered the firm to halt the minting of new tokens.
Stating that “using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating.”
With the SEC accusing the disgraced FTX founder of perpetrating one of the largest and most “brazen” frauds in recent memory.
Alleging that he is “singularly responsible for the regulatory failures surrounding the collapse of FTX.”
Begging the question of how companies can safely navigate the digital asset sector without fear of breaking federal securities law.
