SEC adopts rule to have stricter oversight over dealers, loopi | Crypto | Ethereum | Bitcoin
SEC adopts rule to have stricter oversight over dealers, looping in crypto and DeFi
The Securities and Exchange Commission voted to adopt rules that require market participants who have significant liquidity-providing roles to comply with federal securities laws, looping in cryptocurrency to the mix. The SEC voted 3-2 to adopt that rulemaking in a meeting on Tuesday, which in its proposed 194-page form included one mention of crypto in a footnote.
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