SEC Avoids Digital Asset Definition - Coinleaks
Current Date:September 21, 2024

SEC Avoids Digital Asset Definition

U.S. Securities and Exchange Commission ( SEC), from the hedge fund rule he created digital assetmade the definition.

The crypto industry is struggling with regulatory pressures and the rules that are trying to be established. In particular, US regulators have put intense pressure on crypto exchanges recently. coinbaseIt has been a hot topic of the last period.

After all these processes SECIt was a small step back. SEC, from the latest hedge fund rule digital assetmade the definition.

SEC Wary of Digital Asset

last week USA Representatives in the CommitteeSEC Chairman who was virtually questioned Gary gens was on the agenda with his statements about crypto. Gensler’s abstaining response to questions on securities and crypto encouraged the crypto industry.

A new move has come from the SEC. The US regulator has backed out on its rules that it is about to define the digital asset. The SEC removed the definition of digital assets from the final version of the established rule.

In the note created specifically for this subject, “The commission and staff continue to evaluate this term and are not currently adopting digital assets as part of this rule.”it was said.