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Gensler and his defenders would possibly counter that he has persistently warned that almost all, if not all, tokens are securities. However the business’s gripe goes past that. It’s that, apart from the occasional public invites to “are available and discuss to us,” there’s been no actual effort to collaboratively develop a regulatory framework that accommodates the distinctive, decentralized options of this know-how. Worse, business leaders say, the SEC practices “regulation via enforcement,” with the Kraken go well with being a working example, which leaves everybody on their toes.
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