Excerpt
July 2023, Opinion: "Six months ago we proposed a path for the regulation of so-called crypto markets. A lot has happened since then, but the end goal—strong investor protection and market integrity—may still be several years away. Specifically: The Securities and Exchange Commission has sued Binance, Coinbase COIN -0.08% decrease and other platforms—with widely varying businesses and operations—for failing to register as securities exchanges; the Commodity Futures Trading Commission has sued Binance for failing to register as a derivatives exchange; and U.S. regulators have taken steps to make it impracticable for banks, brokers and other traditional intermediaries to facilitate investments in digital assets. (The companies say the lawsuits are misguided.)" Read Via the Wall Street Journal