The US Securities and Exchange Commission (SEC) recently voted to issue supplemental guidelines on how a proposed update of securities-exchange regulations would impact crypto markets broadly, in particular decentralized finance applications.
Speaking with MarketWatch, partner Ignacio Sandoval said that while the industry is right to be concerned about how potential new rules might impact it, the SEC has plenty of power to pursue aggressive enforcement already.
“The SEC is clearly trying to establish that [most cryptocurrencies] are securities and subject to existing rules,” he said, adding that the agency is laying the groundwork through enforcement actions so it can tell digital-asset companies, “guess what, we’ve made our views pretty clear.”
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