‘The Industry Doesn’t Want the Answers.’ Josh Klayman on Coinbase and Binance

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Big question SECgov needs to answer: if it believes that 50,000+ crypto assets are securities, what happens to them now? baidakova talked to lawyer josh_blockchain about the binance and coinbase lawsuits and the implications for the industry.

The U.S. head of fintech and Head of Blockchain and Digital Asset at the law firm Linklaters long forecast last week’s bombshell announcements. So she’s not surprised by them. To Klayman, the SEC’s actions spring naturally and logically from statements that chair Gary Gensler has been making for years – namely that most cryptocurrencies are in fact securities and that exchanges like Coinbase were always likely to be targeted for selling their securities without an official license.

“There is a saying by [the writer] Upton Sinclair: ‘It is difficult to get a man to understand something when his salary depends on his not understanding it.' And I think if I were a regulator I might take the position: it’s not a matter of us not expressing that this industry should be treated like traditional securities. It’s not the lack of clarity. It’s that the industry doesn’t want the answers,” Klayman said.

The timing of the lawsuits isn’t an accident, Klayman added. The lawsuits are coming as the U.S. Congress is discussing thedraft bill introduced in 2021. The SEC wants to make its mark. The industry has asked regulators and lawmakers to provide “clarity” and now they’re, arguably, starting to provide clarity. The SEC wants to be seen as acting.

“People have long said: ‘SEC, you have rule-making ability, make rules.’ And we’ve seen the SEC now propose multiple rules that the industry is not really happy about,” Klayman says.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 291. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

SEC lawsuits against cryptocurrency companies raise questions about industry's futureTwo recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns. The lawsuits against Binance and Coinbase are the latest in an ongoing tussle between government officials who describe the crypto industry as the “Wild West” and creators of digital assets who seek to legitimize cryptocurrency as a currency of the future. Industry leaders say that with their latest actions, U.S. regulators are now more clearly signaling that they seek to ensure that cryptocurrency has no room in the traditional financial system.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

SEC lawsuits against cryptocurrency companies raise questions about industry's futureTwo recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns
แหล่ง: ABC - 🏆 471. / 51 อ่านเพิ่มเติม »

SEC lawsuits against cryptocurrency companies raise questions about industry’s futureFirst came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.
แหล่ง: WashTimes - 🏆 235. / 63 อ่านเพิ่มเติม »

Airbnb co-founder Nathan Blecharczyk: How the self-taught engineer helped build lodging industry disruptorAirbnb co-founder Nathan Blecharczyk shut down a software business that he created in high school that helped him earn $1 million. He knew another opportunity would arise.
แหล่ง: FoxBusiness - 🏆 458. / 53 อ่านเพิ่มเติม »

SEC lawsuits against cryptocurrency companies raise questions about industry's futureTwo recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »

SEC lawsuits against cryptocurrency companies raise questions about industry’s futureTwo recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile indu…
แหล่ง: denverpost - 🏆 13. / 72 อ่านเพิ่มเติม »