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SEC Can’t Ban or Ignore Crypto Anymore, Says Bloomberg’s Matt Levine
SEC Can’t Ban or Ignore Crypto Anymore, Says Bloomberg’s Matt Levine
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The era of banning cryptocurrency in the U.S. is over, declares Bloomberg columnist Matt Levine. Despite its risks and speculative excesses, crypto has grown too large and global for regulators to suppress. The Securities and Exchange Commission must now focus on crafting tailored regulations rather than forcing digital assets into outdated frameworks.
Levine argues the SEC remains the best agency to oversee crypto, but its approach under former Chair Gary Gensler proved counterproductive. Treating all tokens as traditional securities created unnecessary friction. The industry now watches whether Chair Paul Atkins' Project crypto initiative will deliver more nuanced oversight that acknowledges crypto's unique characteristics.
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