SEC crackdown 'the best thing that ever happened' to crypto, Bloomberg editorial argues
Crypto’s clash with U.S. regulators “could be the best thing that ever happened to the industry,” according to a Bloomberg op-ed.
"With proper identification requirements, blockchain networks could even be a lot more transparent, and less conducive to crime, than the existing banking system,"The SEC, under Chair Gary Gensler, has been leading a charge against crypto firms in recent months. The agency filed a lawsuit against Bittrex last month, alleging it was operating as an"unregistered national securities exchange, broker, and clearing agency.
Disclosure requirements could be mandated by Congress or by an industry-funded body along the lines of the Financial Industry Regulatory Authority.
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