American Crypto Group Urige SEC for clarity

Nearly 30 MR CRIPT MR CRIPT MARCH The CRIPTO Innovation Council (CCI) asked the value of securities and substitutes for a clear regulatory policy on the crypting service and putting services.

CCI’s proof of the role investment group (POS) overturn In the letter 30. April Agency Cripto Working Group Agencies, trust SEC Hester Peirce is basically a technical process, not investment activity.

“Exposure is not Niche – It’s the backbone of the decentralized internet” letter said.

The letter answered the SEC call for public entry in that whether which will be advocated Both liquid state, where CRIPTO users lock their tokens to earn more, they should be regulated under federal securities laws.

The coalition called for the Dec to support the responsible involvement of steady characteristics in the exchange (ETPS) and “avoidance of overly prescribed rules that could freeze on the market and suffocated innovations in squawstery.”

The Group claimed that the commitment does not meet in defining securities You are testing The definition of “investment contract” as the matches retained ownership of their property.

They added that Blickchain protocols are not efforts to determine the prizes, and providers do not provide profits through managerial decisions such as the company.

The letter requested that SEC issues guidelines based on the principles similar to recent staff statements on labor deduction.

“In the last 4 months, we saw more movements and constructive dialogue with Sex than in the last 4 years,” the group said. “Now, the industry will appear to concrete principles in order to join the guidelines – a reflection of this new collaborative approach.”

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The Group claimed that the existing regime of disclosing securities is poorly adapted to services that are basically technical, not financial in nature.

Big names that support clarity

Proof of role includes several high-profile ciated organizations and companies, including capital in risk chorowitz (A16Z), Concept consensens concept carcchain software, and cripto Exchange Kraken, which Restored placement service In the US earlier this year.

SEC has yet to approve the Crypton Detachment Fund (ETF) and delayed the decision On allowing you to lease for SIT with the ETF list in Greiscale ETF at 14. April.

In April, Bloomberg ETF analyst James Seiffart predicted that ETF ETF that involves commitment could come asap.

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