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SEC Chairman: Cryptocurrency Era Has Arrived, Most Cryptocurrencies Are Not Securities
Summary: In a keynote speech at the first OECD Global Financial Markets Roundtable, US Securities and Exchange Commission Chairman Paul S. Atkins stated that the era of cryptocurrency has arrived. He emphasized that most cryptocurrencies are not securities, and the SEC will clearly define these boundaries to ensure entrepreneurs can raise funds on the blockchain without ...
In a keynote speech at the first OECD Global Financial Markets Roundtable, US Securities and Exchange Commission Chairman Paul S. Atkins stated that the era of cryptocurrency has arrived. He emphasized that most cryptocurrencies are not securities, and the SEC will clearly define these boundaries to ensure entrepreneurs can raise funds on the blockchain without facing endless legal uncertainty. The SEC must also allow 'super apps' trading platforms to innovate, increasing market participants' choices. Platforms should be able to offer trading, lending, and staking services under a single regulatory framework. Investors, advisors, and broker-dealers should also have the freedom to choose from a variety of custody solutions.
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Link: SEC Chairman: Cryptocurrency Era Has Arrived, Most Cryptocurrencies Are Not Securities [Copy]
