Crypto Lobby Group The DEFI Education Fund and Unisawap Foundation have said that the Securities and Exchange Commission should join hands on regulating decentralized autonomous organizations (DAOS).
27 May Letter Crypto Task Force Lead Haster Peerus argued that the agency should not treat DAOS within the scope of securities-defeded hove testing, if they are “sufficiently decentralized”, as they are not identified and not a coordinated group.
Instead, the pair said that Dao should be considered as a group of individuals or individuals until otherwise proves.
“If a DAO has a scattered collection of tokens, who have the opportunity to actively participate in the DAO and network and operate them, it is sufficiently decentralized such as neither network tokens for a DAO, nor transactions that have an object, should be considered a security.” Read the letter.
The letter was released in response to Peerus on 21 February statementWhich invited comments on Crypto.
Suited regulatory environment
The SEC has flipped on its crypto enforcement operations under the Trump administration, which successfully established former Crypto Lobist Paul Atkins to lead the agency.
Atkins has said that blockchain technology Could do it In new forms of market activity.
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Next week, Atkins Said That the regulator will not be able to stop innovation and provoke the Biden administration’s approach to Crypto.
In hearing on 20 May second, Atkins Confirmed The first report of the Crypto Task Force will be released in the next few months, a series of crypto-related rounded discussions with the group industry players.
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