🔺The U.S. Securities and Exchange Commission has sparked controversy by changing the rules regarding cryptocurrency trading, stating that some trading offerings may not be considered securities and thus will not require registration. This new direction has drawn both internal and external criticism. Former director John Reed Stark stated that this action ignores legal precedent and may weaken investor protection. Commissioner Caroline Crenshaw pointed to a lack of legal consistency and the differences in the SEC's approach, particularly regarding the various treatments of assets such as ETH and SOL. The crypto community is calling for clarity to avoid legal uncertainty that could hinder innovation in the sector.
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