The Breakdown SEC Backs Off But Gaslights on "Crypto Asset Securities" Terminology
Sep 18, 2024
The SEC has retracted its controversial use of the term 'crypto asset securities' after a judge's ruling, leading to a heated discussion on its implications. Experts weigh in on the ongoing uncertainty in cryptocurrency regulation and the need for clearer definitions. The conversation also touches on how recent legal battles are influencing major exchanges and market volatility. Additionally, there’s a look ahead at upcoming Federal Reserve decisions that could shape investor sentiment in the crypto space.
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Fed Rate Cut Uncertainty
- The market expects the Fed to cut rates, but the size of the cut is uncertain.
- A 50-basis-point cut could signal a recession, while a 25-basis-point cut might underwhelm.
SEC Backtracks on Terminology
- The SEC has backed away from calling tokens "crypto asset securities" after court pushback.
- They now claim the term was shorthand, but critics see this as disingenuous and harmful to the crypto industry.