SEC Order Offers New Legal Avenue for Crypto Exchanges, Explicitly Unrelated to Bitcoin or Ethereum
SEC Order Offers New Legal Avenue for Crypto Exchanges, Explicitly Unrelated to Bitcoin or Ethereum
The Securities and Exchange Commission (SEC) issued an exemptive order on October 31st, delaying compliance deadlines for Regulation NMS. This development is primarily aimed at providing crypto exchanges with a new strategic advantage in legal arguments over the next two years, although the order explicitly states it has no direct bearing on Bitcoin or Ethereum.
The Securities and Exchange Commission (SEC) issued an exemptive order on Oct. 31 that has nothing to do with Bitcoin or Ethereum but everything to do with how crypto exchanges will argue their cases over the next two years. The order delays compliance deadlines for Regulation NMS, the rulebook governing US equity trading, until February.