Regulating Crypto by Enforcement and Stealth Will Set the US Back

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Gensler and his defenders may counter that he has persistently warned that almost all, if not all, tokens are securities. However the trade’s gripe goes past that. It’s that, aside from the occasional public invites to “are available in and speak to us,” there’s been no actual effort to collaboratively develop a regulatory framework that accommodates the distinctive, decentralized options of this expertise. Worse, trade leaders say, the SEC practices “regulation by enforcement,” with the Kraken swimsuit being a working example, which leaves everybody on their toes.

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