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📅 July 3, 7:00 – July 9,
🌟 🇺🇸 The SEC Crypto Task Force met with SIFMA yesterday 🌟
✅ Who is SIFMA?
A major association representing brokerage firms, banks, and asset managers.
✅ Key points:
⭐ Expand current securities regulations to apply to crypto
⭐ Clearly define what constitutes securities and what constitutes digital commodities.
⭐ Restrict retail investors' access to risky crypto products
⭐ Play a clear role and compete transparently among market participants
⭐ Build new transparent regulations suitable for digital assets and cross-border activities
⭐ Prepare for the future as traditional finance and DeFi merge together