The SEC Launches 'Cryptocurrency Project': It's Time to Set 'Rules' for Cryptocurrencies!
This time the SEC is about 'incorporation' rather than 'arresting people':
Previously, the U.S. regulatory attitude towards cryptocurrencies was ambiguous, like 'pressing the brakes while stepping on the gas', wanting to regulate but fearing to kill the industry, leaving it in a difficult position.
This time, the SEC's 'cryptocurrency project' focuses on establishing clear rules (frameworks), telling everyone what can and can't be done (developing central bank digital currencies CBDC, regulating stablecoins, etc.), turning 'wild paths' into 'races with tracks'.
This means that cryptocurrencies in the U.S. are officially entering the era of 'regulated games'.
The SEC wants to be the 'referee', but may not understand the 'new game':
