According to Atkins, the SEC is more often unofficial than officially, it has already stated that the broadcast is not considered a security. The head of the regulator said that the etherium is important for most crypto projects in the long run, since the network is positioned as one of the largest blockchains for decentralized finance (Defi), and the number of developers creating startups is growing.
“The Ethereum blockchain is a key component for many other digital currencies. Therefore, companies themselves decide where to invest money and what strategy to use, ”said Atkins.
The Chairman of the SEC highly appreciated the growth of investment of large companies on crypto assets. The interest of companies in digital assets is fueled by the loyal attitude of the US President Donald Trump Presidential Administration to cryptocurrencies and the softened SEC position. Previously, the regulator filed a lawsuit one after another against large cryptocurrencies, accusing the sites of trade in unregistered securities, and this led to the departure of crypto companies from the American market.
Soon after the inauguration of Trump, the SEC created a special working group in cryptocurrencies, which since then held several open meetings, which discussed issues related to the regulation of crypto assets.
In February, SEC said that memcoirs are not considered securities. In May, the regulator said that the streaming in protocols created on the basis of using the Proof-OF-STAKE (POS) consensus method does not fall under federal laws on securities.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
