Crypto 'Headstands, Backflips And Other Gymnastics' Won't Escape The Law: SEC
Tokenized securities are still securities, SEC's Peirce warns, adding that crypto vaults are not automatically exempt from the law.
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Why It Matters
The SEC (rule-makers for stocks) is saying that crypto companies can't use tricks to avoid following the same rules as regular businesses. When you see a crypto company, check if it's following the same laws that protect people's money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.