One of the most problematic aspects of the bill is its creation of a bifurcated market for crypto tokens, setting the stage for compliance complications in a global and fungible crypto landscape.
FIT21 attempts to codify the SEC's 'sufficiently decentralized' test by dividing regulatory oversight between CFTC and SEC based on decentralization levels, reflecting ongoing debates on securities laws' application to crypto tokens.
[
add
]
[
|
|
...
]