In a recent interview, Blockstack boss Muneeb Ali said he was cautiously optimistic about the US regulatory environment for Crypto. Comments receive more information from the US regulators about the crypto field and its rising players.
Carefully Optimized Crypto
Blockstack, co-founder and CEO of the decentralized computer network, joined CNBC's aw Squawk Box görüş to discuss the completion of the first SEC token sale to retail investors.
In the first part, SEC chief Jay Clayton commented on the meticulousness of Bitcoin price discovery and compared it to traditional markets such as NASDAQ. He added that trading digital assets should be better regulated to give investors more protection.
This is nothing new, and US lawmakers' & # 39; wild west & # 39; He reiterated his stance on what he saw as an environment.
Ali joined the panel and confirmed that the SEC had real concerns about Bitcoin trading, and wanted to see that it was probably completely absent. Ali expressed;
Im I am cautiously optimistic about the work of the SEC..
I am cautiously optimistic about the US regulatory environment for crypto.
Now we have a framework for exporting crypto assets; regulated exchanges can complete the picture. I pic.twitter.com/ht4keuxao
Newest images taken by – Muneeb (@muneeb) September 23, 2019
He referred to the SEC-approved token sale, stating that there were a number of stock exchanges pending approval from the next bad regulatory agency. By WSJ The SEC approved a $ 28 million Reg A + offer for the decentralized internet company in July. The company reportedly spent $ 2 million to get legal approval. The Reg A + platform enables companies to earn $ 50 million from retail investors rather than just accredited investors.
It was then referred to the 2017 ICO boom, which set alarm bells among regulators in the US and around the world. Ali added that his efforts to successfully sell a certified token provide a framework for others seeking similar approval.
Ikinci The second part of the picture is where these assets will trade in the US. Most of the major players in the industry are trying to get these eligible (regulated exchange) licenses. This completes an image in which you can specify icons and exchange them in fully edited form. "
He said many US companies, such as Blockstack, may need to trade tokens abroad first until there is a sufficiently regulated stock market in the US.
Despite a successful ICO for Blockstack, there are still many problems. Postponement from US regulators means that there are fewer regulated exchanges for trading that would adversely affect the liquidity of any new assets available on the market.
When I returned to Bitcoin, Ali said his fake volume was one of the biggest concerns for the SEC. When he talked about Ethereum, he said it was experimental and that was a good thing, but that his company was a direct competitor to the decentralized smart contracts platform.
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