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75% of Crypto Platforms Seek to Combine Securities and Non-Securities Trading!

The U.S. Securities and Exchange Commission (SEC) is considering a short-term oversight framework for crypto trading. Interim Chairman Mark Uyeda proposed a time-limited, conditional exempt relief framework to allow innovation in blockchain technology while the SEC develops a long-term solution. This suggestion came during the agency’s second crypto industry roundtable. The SEC awaits a crypto market-structure law from Congress, expected later this year, but it will take months for the law to be implemented and for regulations to be written. Republican Commissioner Hester Peirce, leading the SEC Crypto Task Force, highlighted that 75% of crypto platforms are interested in combining securities and non-securities trading activities. Democratic Commissioner Caroline Crenshaw pointed out the risks associated with crypto platforms performing multiple services, which in traditional finance are handled by separate entities to mitigate conflicts of interest and protect investors.

Source: www.coindesk.com

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