SEC’s Proposal to Amend the Definition of Exchange Violates the First Amendment, Says Coin Center
Coin Center has vehemently pushed back the controversial SEC proposal that sought to redefine the definition of “exchange” within the Securities Exchange Act in a bid to “include systems that offer the use of non-firm trading interest and communications protocols to bring together buyers and sellers of securities.” The group deemed the regulator’s move as “unconstitutional.”
The Washington-based non-profit that focuses on cryptocurrency policies, Coin Center, announced filing a comment letter with the United States Securities and Exchange Commission (SEC). According to the crypto lobby, the proposal by the commission breaches the First Amendment by requiring a license to speak, even for open source developers working behind projects in the ecosystem.
Source
https://t.me/Crypto_Futures_Trading
