Topic: JUST IN: A new task force has been designated by the SEC. - page 2. (Read 252 times)
Well it’s about time, previous SEC officers have not been fit for purpose. Gensler did some good things but he hampered Bitcoins growth for so long. Spot ETFs were only approved when Grayscale took them to court & won. Without that I think Gensler & his handlers would have continued to try to stunt Bitcoin. Hopefully with a new crypto friendly regime Bitcoin can continue to gain mainstream adoption.
JUST IN: A new task force has been designated by the SEC to create a clear regulatory framework for crypto assets.
Source
https://www.sec.gov/securities-topics/crypto-assets
First of all, I think it is more helpful if you cited texts you want for discussion here, than posted a screenshot link.Source
https://www.sec.gov/securities-topics/crypto-assets
Second, I hope that a SEC 2.0 with the Acting Chairman will do some meaningful works for cryptocurrency industry and more friendly regulations on it than what is happening in European Union with MICA enforcement recently.
European Union are collapsing by bad governance and regulations, and the USA. as a leader of the world, need to do something, firstly for Americans, and secondly to lead the world again in this industry.
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
This should only apply to exchanges, wallets or any other crypto platforms honestly maybe yes other altcoins too but primarily it should be platforms owned and controlled by companies. Some altcoins still promote themselves as decentralized but not as decentralized as bitcoin so they might still be affected by whatever restrictions or regulations SEC wants to impose.Whatever it is, hopefully it is for the better of the community
As much as we would want to keep our precious Bitcoin out of it and I’ll like to believe it can never come to be with Bitcoin, if you have your coins on a centralized exchange, your always going to be liable to whatever regulation that is out there or provided by these units of government agency. Rules from centralization would as well apply to all centralized aspects of cryptocurrency should they which to stay operational. It was always going to come to this.
Why is the government so interested in regulating cryptocurrency when they should have concentrated on creating a regulatory framework that guides the actors in cryptocurrency,...
What actually is the difference between regulating cryptocurrency and creating a regulatory framework that guides the actors in cryptocurrency. If you calmly reexamine the above, you will understand that both are the same. It is a two ways thing, it's either the government don't regulate cryptocurrency or they'll regulate it and it is better for us if the government regulates it.
Most times when we hear crypto regulations, we think of it as a witch hunt, forgetting that if cryptocurrency is not regulated, the global adoption we have started seeing will not scale.
Why is the government so interested in regulating cryptocurrency when they should have concentrated on creating a regulatory framework that guides the actors in cryptocurrency,...
What actually is the difference between regulating cryptocurrency and creating a regulatory framework that guides the actors in cryptocurrency. If you calmly reexamine the above, you will understand that both are the same. It is a two ways thing, it's either the government don't regulate cryptocurrency or they'll regulate it and it is better for us if the government regulates it.Most times when we hear crypto regulations, we think of it as a witch hunt, forgetting that if cryptocurrency is not regulated, the global adoption we have started seeing will not scale.
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
It can help businesses. It can help banks accept crypto payments. It can help the ecosystem around bitcoin, even if not bitcoin itself.
And if the ecosystem grows, it can also bring innovation. Maybe better 2nd layer. Maybe better funded development.
If done properly, it can be good. If....
Why is the government so interested in regulating cryptocurrency when they should have concentrated on creating a regulatory framework that guides the actors in cryptocurrency, instead of focusing on what may be hard for them to achieve, anytime I hear something like this that the government set up a tasks Force, it makes me feel as if the approach from the government will be hard on actors or even in a form of crackdown regulations. United States has gained a lot of attention lately most especially with the present government promises and body language towards Bitcoin adoptions in the US, so it is best their create a more friendly and robust environment to accommodate crypto-related activities and respect for the privacy and freedom of the crypto community.
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
JUST IN: A new task force has been designated by the SEC to create a clear regulatory framework for crypto assets.
My good members of this great Forum what's your thought about this new task force designed by the SEC.??
Source
https://www.sec.gov/securities-topics/crypto-assets
My good members of this great Forum what's your thought about this new task force designed by the SEC.??
Source
https://www.sec.gov/securities-topics/crypto-assets
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