The SEC can abandon its regulation-by-enforcement approach and opt for a pro-innovation regulatory framework, which would better accommodate novel crypto markets.
The definition of 'security' has been problematic for crypto issuers, as many of these assets don't fit neatly into federal court definitions.
Crypto assets are often treated as currencies or commodities rather than securities, complicating their classification and regulatory compliance.
There's a pressing need for a legal framework that recognizes the unique characteristics of crypto assets, as the current registration process is too cumbersome.
#crypto-regulation #securities-and-exchange-commission #hard-fork #blockchain-consensus #legal-framework
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