SEC Redefinition of 'Reseller' Would Expand Its Oversight of Crypto and DeFi
THE ruler changes propose In 2022 were critical by THE crypto industry has THE time And opposite by THE Republican SECOND commissioners.
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THE United States Securities And Exchange Commission adopted rules on Feb. 6 that would be require more walk participants has register with he, join A self-regulation organization, And conform with federal securities laws And regulations. THE new rules could bring crypto And decentralized finance In bigger monitoring.
THE new rules, THE text of which short 247 pages, were propose In 2022. They redefine "Merchant" And "government securities Merchant" In THE Securities Act Rules, as GOOD as THE sentence "as A part of A regular business," as he East used In THE Securities Exchange Act of 1934.
THE rules would be apply has walk participants "WHO take on significant provision of liquidity the roles In THE markets. » Specifically, A Merchant below THE new definitions could express "trade interest that East has Or close THE best available prices on both sides of THE walk For THE even security" Or earn income "mostly Since capture inquiry spreads, by purchase has THE offer And sale has THE offer, Or Since capture any of them incentives Free by trade places has liquidity- supply trade interest." SECOND Chair Gary Gensler said In A statement:
"These measures are common sense. […] Absent A exemption Or exception, if anybody professions In A manner consistent with of facto walk manufacturing, he must register with We as A Merchant – consistent with of Congress intention. »
There East A lower limit on THE application of THE new rules. Dealers must to have Or control $50 million has be responsible has that.
THE ruler changes propose In 2022 were critical by THE crypto industry has THE time And opposite by THE Republican SECOND commissioners.
News
Join
We
on
social
networks
THE United States Securities And Exchange Commission adopted rules on Feb. 6 that would be require more walk participants has register with he, join A self-regulation organization, And conform with federal securities laws And regulations. THE new rules could bring crypto And decentralized finance In bigger monitoring.
THE new rules, THE text of which short 247 pages, were propose In 2022. They redefine "Merchant" And "government securities Merchant" In THE Securities Act Rules, as GOOD as THE sentence "as A part of A regular business," as he East used In THE Securities Exchange Act of 1934.
THE rules would be apply has walk participants "WHO take on significant provision of liquidity the roles In THE markets. » Specifically, A Merchant below THE new definitions could express "trade interest that East has Or close THE best available prices on both sides of THE walk For THE even security" Or earn income "mostly Since capture inquiry spreads, by purchase has THE offer And sale has THE offer, Or Since capture any of them incentives Free by trade places has liquidity- supply trade interest." SECOND Chair Gary Gensler said In A statement:
"These measures are common sense. […] Absent A exemption Or exception, if anybody professions In A manner consistent with of facto walk manufacturing, he must register with We as A Merchant – consistent with of Congress intention. »
There East A lower limit on THE application of THE new rules. Dealers must to have Or control $50 million has be responsible has that.
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