Gabriel Shapiro, general counsel at crypto research firm Delphi Digital,The proposal would bring all automated market makers and liquidity providers with more than $50 million in total assets under management under the SEC’s regulatory umbrella and thus subject to the SEC’s registration requirements – something that would be impossible for many decentralized exchanges.
Any decentralized exchanges that fit the new criteria under the proposal that didn’t register with the SEC could then, Shapiro argued, be declared unregistered dealers – a felony offense under the Securities Act.The inclusion of crypto as a single footnote in the massive proposal has been seen by some lawyers as a deliberate attempt to add confusion and uncertainty into the crypto markets.
cheyenneligon At least they’re trying.
cheyenneligon They’re doing everything wrong.
cheyenneligon I've been super excited about BTC since this week. I've been enjoying the move as we approach the Switzerland conference. Gaofyork ecosystem have been tuning some new partnerships lately.
cheyenneligon If they can regulate it, it’s not decentralized enough. So what are those self proclaimed industry experts thinking🤣
cheyenneligon GaryGensler god you are such an ignorant piece of shit
cheyenneligon cryptotrading XRP VALE KNOWS ‼️‼️⚠️ SUBSCRIBE RETWEET ‼️
cheyenneligon Fear mongering
cheyenneligon
cheyenneligon No it won't 'cripple the decentralized finance industry' in the slightest It will continue to cripple the USA as it keeps losing company and human talent to other countries. The SEC is the USA economy's worst enemy.
cheyenneligon Well recently Gaofyork is day trading on crypto and making sure people are earnings as low as $500k after 1-2 months of trading, I’m keeping up with this for the main time. You can actually start with a minimum of $300 there is a funding program for newbies too Gaofyork
cheyenneligon The sec 🤡🤡🤡
cheyenneligon My 5 year old son David is suffering from Cancer, our last hope is a treatment that costs $35,000. Please help us raise this amount to save our baby. Entered my profile for details. Thank you very much gdfsd
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