Coinbase Vs.SEC: Commission Asked For Rule Clarification On Digital Assets

Foundational hurdles

There are some major foundational hurdles regarding Crypto, one of which is that securities rules do not work for digitally native instruments. The petition states “digitally native securities” as being “recorded and transferred using distributed ledger technology” without reliance on centralized certified forms of ownership that typically characterize traditional financial instruments.

Continuous Conflict

According to the current Chairperson of SEC- Gary Gensler, proper registration is required for the qualification of these digital assets as securities with authority. Gary Gensler has sharply repudiated looking into the tokens that fit the definition of securities.

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