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SEC Commissioner Hester Peirce said that to engage in crypto activities, “SEC-registrants have had to hop from one poorly illuminated regulatory space to the next.”
SEC Commissioner Hester Peirce says that, like the “floor is lava” game, the goal for SEC registrants in today's uncertain environment is to “never touch any crypto asset.”
Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
Bitcoin Standard author Saifedean Ammous says investors would simply divert from Strategy or BlackRock if either ever abused their position of controlling a significant amount of Bitcoin.
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