The US SEC is Hitting Again
Even if there are several positive news in the market regarding an approval for an Ethereum ETF from the SEC, the Commission seems to make moves on the opposite direction in this topic.
More specifically, a letter towards the House of Representatives was sent that urged all the representatives not to vote the new legal framework around digital currencies as it will put the financial markets in great risk and will shake the existing legal framework.
This specific law is expected to determine which authorities will have the right and solve cases around digital currencies cases and as expected, the US SEC has several reasons to bring it on.
Indeed, there will be a special clause in this law that issuers of new digital currencies will have to point out that their products are not regulated under the SEC.
This expects to bring more trouble in the sector………..
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