Best Crypto to Buy Now 8 June – Stacks, Lido DAO, Bitget
U.S. Securities and Exchange Commissioner Chair Gary Gensler emphasized the importance of regulatory compliance in the crypto industry today at the Piper Sandler Global Exchange & FinTech Conference, rejecting any idea of preferential treatment for cryptocurrencies.
He challenged claims by promoters of crypto asset securities that their tokens have added functions beyond serving as investment vehicles.
Given these current macroeconomic conditions, what are the best cryptos to buy now?
Gensler clarified that any additional features do not exclude crypto asset security from being classified as an investment contract, but tokens designed solely for use within their respective blockchain ecosystems may be considered exceptions.
Notably, Gensler defended the recent enforcement actions the SEC has taken against crypto exchanges Coinbase and Binance.
Both platforms faced substantial scrutiny, accused of trading unregistered securities.
These actions underscore the SEC's determination to enforce established financial regulations within the burgeoning crypto industry.
The SEC Chair also responded to the frequent claims from the crypto sector regarding a lack of 'fair notice' about potential legal consequences for their activities.
He rebutted these assertions, suggesting such claims might be part of a strategic decision by the platforms to accept the risk of enforcement as a routine business cost.
Gensler went on to address the widespread belief in the crypto industry that registering crypto platforms with the SEC is unfeasible.
He disagreed with this sentiment, asserting that compliance for crypto intermediaries is achievable, albeit with substantial effort.
He rejected the notion that compliance could be attained simply through a series
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