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Crypto Takes the Fight Back to the SEC
The Breakdown
Crypto Misclassification Revealed
The SEC's recent admission indicates a significant retreat from its aggressive regulatory stance against the crypto industry. Historically, the term 'crypto asset securities' lacked legal foundation, and the SEC's attempts to regulate via enforcement have been counterproductive. Their recent change in language and acknowledgment of confusion around the term signifies a recognition of the issues with their approach. Ongoing lawsuits against major exchanges highlight the flawed strategy, which is seen as an effort to suppress cryptocurrency rather than provide guidance. New developments, like Exat Network, point to a growing innovation within the space, suggesting a shift towards fostering rather than stifling growth in crypto.
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