Crypto and the US Government Are Headed for a Decisive Showdown

Perhaps seeing that the law is going to come for crypto sooner or later, the industry has been rallying behind an effort to pass a new regulatory framework just for crypto—one that spares the full wrath of the Howey test. Companies, including Coinbase, have petitioned the SEC to issue new, digital-currency-specific rules. In the Senate, meanwhile, two different bills would transfer power from the SEC to the Commodity Futures Trading Commission, which is widely seen as lighter-touch and more industry-friendly. At any crypto conference, and in countless op-eds and congressional hearings, you can hear crypto executives and their supporters complaining about

→ Continue reading at WIRED

Similar Articles


Most Popular

Nothing reveals the charging case for its next earbuds

Nothing is preparing to release its second set of true wireless earbuds and it's given a first peek at what it has in store....

Judge Just Misses Record-Tying Homer as Yankees Clinch Playoff Spot

Aaron Judge’s deep drive to center in the ninth inning caused a brief stir, but it was Josh Donaldson’s walk-off single that punched the...

Rodríguez leaves with back tightness, Mariners beat A's 9-5

Julio Rodríguez doubled and scored before leaving with lower back tightness, and the Mariners overcame the loss of the JRod to beat the A's...