The SEC has published new directives today, saying that the same is no longer linked by securities regulations. The commission will stop the application, but other agencies could take over.
It could be a huge market opportunity, or it could embrace crawling crooks. The latest crimes of memes money dominated the news cycle, flying millions and tarnishing the reputation of crypto.
The dry will not take application measures against parts even
SEC, one of the best financial regulators in the United States, has tried to reassess its cryptographic responsibilities. When Hester “Crypto Mom” Peirce, one of his commissioners, announced the new working group on the crypto, she said that the Commission could try to delegate the application to other agencies such as the CFTC.
Today, the SEC has published a declaration detailing its new policy on the pieces even.
“The same parts are generally purchased for entertainment, social interaction and cultural ends, and their value is mainly motivated by demand and speculation of the market. In this regard, they are similar to collectibles. The same parts also generally have features or limited or non -limited features … [and] Do not imply the offer and sale of titles under federal securities laws, “he said.
Peirce has already indicated that the SEC would not wish to regulate the pieces even in the future. The commission finished its application of the crypto and resolved existing legal battles on the left and right.
With this in mind, a cooling period for the application of the same currency seems very understandable.
However, the SEC does not plan to transform the same currency space into a free for all. As the letter noted, “a fraudulent driving linked to the offer and the sale of parts even may be subject to an action in application or to prosecution by other federal or state agencies under other federal and state laws”.
In other words, the crooks have been warned not to play.
“In English – just because we are not going to go after you don’t want to say that other regulators will not do it,” wrote Eleanor Terrett.
It seems to be an unequivocal pro-Crypto development, but it could have a drawback. Endemic scams have been ascending in the memes currency space, and the SEC has an important role in consumer protection.
Between the high-level carpet prints such as the Libra or the North Korean Lazarus group using parts even to whiten stolen surveys, a certain crime prevention may be necessary.
In the end, it is difficult to predict how the new DEC directives will have an impact on the space of money. On the one hand, the more loose restrictions encourage more products and their use.
On the other hand, this decision will probably allow more influential characters or celebrities to launch their own memes pieces and drive pumps and waste. Anyway, we are entering a new rather chaotic moment for the same currency space.
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