New Crypto Law (I’m terrified)
Crypto law explained. Crypto news.
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EMAIL THE SEC: https://protectdefi.org/
The SEC put out a little proposal… If enacted it could crush crypto technology all without even mentioning the words defi or cryptocurrency.
How is this even possible? Is this a mistake.. intentional ignorance..? Or something else altogether?
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This new proposal by the SEC plans to expand on the word “securities dealer” to Specifically include treasury dealers… Making them subject to much more regulation.
Now wait… you’re probably wondering how this relates to crypto at all? I mean the title of the proposal is literally about government securities dealers… not crypto…
Well… in this case, it’s all about the footnotes… the fine print
See on footnote 36 it states that this rule would apply to securities defined by the document… as well as ANY digital asset that is a security as defined by the Securities Act
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