New SEC Requirement for DEX Liquidity Providers - page 2.

Fiatless

hero member

Activity: 574

Merit: 554

Leading Crypto Sports Betting & Casino Platform

Quote from: zasad@ on February 07, 2024, 10:29:02 AM

https://www.sec.gov/news/press-release/2024-14

" Feb. 6, 2024 —
The Securities and Exchange Commission today adopted two rules that require market participants who engage in certain dealer roles, in particular those who take on significant liquidity-providing roles in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations.

I will support some measures put in place to protect investors from scams and shady deals but it shouldn't be targeted at controlling Bitcoin. SEC and other regulatory agencies will always claim that they are protecting investors and also upholding the integrity and transparency of the crypto market. But they also have other goals which is to monitor transactions.

Quote from: Knight Hider on February 07, 2024, 10:50:54 AM

Quote from: zasad@ on February 07, 2024, 10:29:02 AM

"Liquidity providers on DEXs with assets greater than $50,000,000 are required to register with the SEC rules ."

At least I don't need to worry Grin

Indeed, most of us don't need to worry because we don't engage in such high transactions. But if it affects the community, it also affects us. One day you might need the services of these CEXs. They are trying to control the Bitcoin ecosystem.

Knight Hider

member

Activity: 239

Merit: 59

a young loner on a crusade

Quote from: zasad@ on February 07, 2024, 10:29:02 AM

"Liquidity providers on DEXs with assets greater than $50,000,000 are required to register with the SEC rules ."

At least I don't need to worry Grin

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://www.sec.gov/news/press-release/2024-14

" Feb. 6, 2024 —
The Securities and Exchange Commission today adopted two rules that require market participants who engage in certain dealer roles, in particular those who take on significant liquidity-providing roles in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations.
..
Under the final rules, any person that engages in activities as described in the rules is a “dealer” or “government securities dealer” and, absent an exception or exemption, required to: register with the Commission under Section 15(a) or Section 15C, as applicable; become a member of an SRO; and comply with federal securities laws and regulatory obligations and applicable SRO and Treasury rules and requirements."

___
"Liquidity providers on DEXs with assets greater than $50,000,000 are required to register with the SEC rules ."

Topic: New SEC Requirement for DEX Liquidity Providers - page 2. (Read 307 times)