Hi, my name is Faiz makrani, and you have successfully landed on my blog, where I have shared important information. No doubt, there is a technology behind crypto that gives high importance to cryptocurrency, but there are other factors too that we should talk about, such as consistency, which is provided by crypto, clarity, and, most importantly, trust. That's the reason the SEC (Security Exchange Commission) comes in. We know that crypto is eating traditional finance (banking) slowly, and the SEC's stance is well-thought-out for the future of finance in the US and in the world, too, but still, there are some things that are missing.
Importance of crypto in the eyes of the law
Here we have to focus main question, like what is the real meaning of crypto in the eyes of the law? This is a very important fundamental question. So there are three options: it's a commodity, security, or something unique. SEC answered this question, and the main focus in this answer is on how crypto can be sustainable and secure. and whether this is possible or not.
The confusing thing is that there are no legal lines set by the security Exchange Commission, and because of this, when the SEC took action against some crypto projects, the reason was the big selling of unregistered securities. Now, these companies' main question is where the limit is, and this thing is putting a full stop to the innovation in the cryptocurrency field.
SEC has the power to change the people's mentality towards crypto if the SEC provides clean and clear definitions, and enforcement that should be fair and consistent standards, and these things will definitely change the minds of people who are still trying to understand it. Can you imagine? You are trying to build a business, but there are no clear rules set by the authority then you will be scared to do business in crypto not only you but developer will not even talk to launch new projects in crypot, investor will be in fear and as I said the common people who just understanding crypto will see crypto as a bet and find it risky. Crypto needs to be recognised as a legitimate asset, and there is no initiative taking place to fulfill this aim.
Regulation should be fair, and that should not crush the technology
It is in the hands of the SEC that how it is setting the tone for the future of these technologies, such as AI, Defi (decentralized finance), or any technology that out of imagined that can come in the future; today's decisions towards these technologies are future building. Here, what really needed is a transparent approach that is well considered, which can become a model because the technology should be regulated without crushing it, and it should be beneficial for everyone.
Now, Security Exchange Commission can write the story of crypto because it is in the hands of the SEC. SEC is setting rules for crypto is an important aspect because this going to influence the whole industry, as well as help to innovate with fair regulation policy, and this is the question of the future. So the Securities and Exchange Commission's stance is a key factor that can shape the future. There is a US government that is positive, and that is why cryptocurrency is getting more attention.
Now it is time to look at what other country thinks about that, and it is good that more countries are coming forward for cryptocurrency adoption and regulation. Looking forward to seeing your comments regarding this issue, and also share this article on X, Reddit, Medium, Instagram, WhatsApp, or wherever you want. Good day/night to everyone else.
"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking." -Steve Jobs
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