reported by U.TodayIn its brief, the Crypto Council for Innovation claims that the SEC's approach to regulating digital assets deprives stakeholders of fair notice, thus putting investment and innovation at risk.
It argues that the SEC's approach to regulating digital assets creates"costly confusion" for cryptocurrency market participants.The CCI says that there has to be a predictable regulatory framework for governing digital assets in order to ensure that cryptocurrency businesses will not be driven offshore. In such a case, the role of the U.S. as a beacon of innovation will be diminished.
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