House Financial Services Committee: The U.S. SEC’s final rule to expand the definition of “dealer” is too broad and risks damaging market vitality
The US House Financial Services Committee posted on social media that the US Securities and Exchange Commission's final rule expanding the definition of "dealer" is too broad and poses a risk to market vitality, especially in the digital asset ecosystem. The lack of clarity and consideration for implementation challenges exacerbates these issues, making market participants uncertain of their regulatory obligations and potentially disrupting the market. The US Securities and Exchange Commission should reconsider its final rule to ensure market stability and efficiency while promoting innovation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy is selling $700 million more in convertible senior notes to buy back debt and more bitcoin
MicroStrategy is selling up to $700 million in senior convertible notes to fund additional bitcoin purchases and buyback debt.The firm holds about $14 billion worth of bitcoin, including a $1 billion purchase last week.
Norwegian Town Faces Price Surge After Bitcoin Mine Shutdown, Residents Hit with Higher Bills
Risc Zero aims to bring blockchain security to ‘any’ off-chain app
Market Embraces FET New Rival: AI Cybersecurity Coin GEGG Sells 1.9 Billion Tokens in 48 Hours