The SEC's crypto taxonomy: the 'final nail' in Gensler's era?
The US Securities and Exchange Commission (SEC) has released long-awaited guidance on the classification of cryptocurrency assets. According to the new taxonomy, most cryptocurrencies and tokens will be treated as non-securities, which could become the 'final nail in the coffin' of the tenure of SEC Chairman Gary Gensler.
For the Russian audience, this is particularly important, as the development of the cryptocurrency market in our country strongly depends on clear regulation and legal certainty. Previously, Gensler took a tough stance on cryptocurrencies, insisting that most tokens are securities and, consequently, must comply with strict SEC requirements.
Expert opinion
The SEC's new guidance has come as a surprise to many market participants. This may indicate a softening of the regulator's position and is likely to open up new opportunities for the cryptocurrency industry in the US. Analysts believe that this decision effectively puts the 'final nail in the coffin' of Gary Gensler's era of strict regulation.
At the same time, experts warn that cryptocurrency companies will still have to carefully examine their tokens and business models to ensure they meet the SEC's new requirements. The regulator will continue to closely monitor the market and take action if necessary.
Overall, this step by the SEC can be seen as a positive signal for the entire cryptocurrency industry, especially against the backdrop of the recent market collapse. It may contribute to the further institutionalization and legalization of cryptocurrencies in the US, which in turn will influence global trends in the development of this market.