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#1 2023-05-04 17:38:20

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,616

SEC Changes Position on Classifying Digital Assets

Big the winning days of cryptocurrency is near after i read the news about the U. S. The Securities and Exchange Commission (SEC) revising its stance on classifying digital assets, suggesting a potential change in how cryptocurrencies are governed by the SEC. The SEC's novel strategy aims to provide more specific guidance on the classification of digital assets, taking into account their unique features and applications. In order to better understand digital assets and the underlying technology, the agency has been actively interacting with industry stakeholders.
The updated framework takes into account elements like the asset's intended use, degree of decentralization, and whether the asset is primarily used for utility or investment purposes. This more sophisticated method is expected to make it easier for regulators to distinguish between digital assets that ought to be treated as securities and those that shouldn't. For investors and companies doing business in the quickly expanding cryptocurrency sector, this development is seen as a step toward greater clarity.

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