SEC’s Rule Riddle: Crypto Exchanges Celebrate Narrow Escape!
Chairman Atkins, with the solemnity of a man announcing a national holiday, declared regulations must “fit the asset class.” A noble sentiment, though one wonders why this epiphany arrived only after years of legal acrobatics. The 2020 amendments, it seems, had stretched the rule’s tendrils into realms where they were neither wanted nor particularly hygienic. Fixed-income markets, bless their coupon-paying hearts, were spared a fate worse than regulatory death, while crypto, that sly fox in the henhouse, remains unshackled-though not unwatched.
