SEC Hears from Blockchain Affiliation and Home Republicans on Proposed “Trade” Definition

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The US Securities and Trade Fee (SEC) has prolonged the remark interval on proposals to amend Rule 3b-16 of the Securities Trade Act of 1934, which ended on June thirteenth. The Blockchain Affiliation and the Republican Rep. Companies aspect of the Home Monetary Companies Committee submitted feedback shortly earlier than.

The proposed modification is Run A whole lot of pages of Launched in January 2022. No point out of digital belongings. One other lengthy doc liberated when Remark interval has resumed. It additionally helps digital asset platforms. In response to observers, the modification may have a serious influence on the cryptocurrency trade and has sparked a number of destructive reactions.

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