What does the law say? Nonprofit blockchain advocacy group Coin Center has called the Securities and Exchange Commission’s proposed redefinition of an “exchange” an “unconstitutional overreach.”
Nonprofit blockchain advocacy group Coin Center has called the Securities and Exchange Commission’s proposed redefinition of an “exchange” an “unconstitutional overreach.
”Amendments Regarding the Definition of “Exchange”,changing the meaning of “exchange” from a “system that brings together the orders” of a security to one that “brings together buyers and sellers.”Bringing together orders, which are things, is very different to bringing together people and Coin Center says the latter is tantamount to coercion.
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