The crypto industry is evolving: regulatory purgatory can't hold it back | Crypto

The crypto industry is evolving: regulatory purgatory can’t hold it back

– The SEC has not provided clear guidance on which cryptocurrencies or tokens are securities, leading to confusion among companies and investors.
– SEC Chair Gary Gensler has said that the vast majority of the nearly 10,000 available tokens are securities.
– Gensler has also argued that crypto intermediaries, such as exchanges, are transacting in securities and should register with the SEC.
– Industry lawyers say that more clarification is essential, especially as Gensler argues in favor of updating other rules.

GettyImages 1243254095 e1663540801484 The crypto industry is evolving: regulatory purgatory can't hold it back

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