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‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer - Ep. 483
Unchained
Navigating Regulatory Waters
The SEC's charges against Bixi highlight a critical focus on unregistered exchanges and their operations affecting transactions in securities. This scrutiny extends to the possibility of pursuing cases against other crypto platforms, such as Coinbase. Central to the SEC's concerns are specific sections of the Exchange Act: Section 5, which addresses transactions in securities; Section 15A, which pertains to brokers operating without licenses; and Section 17A(b), which involves the registration as a clearing agency. These regulatory frameworks underline the importance of compliance in the evolving cryptocurrency landscape.
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