Close Menu
    What's Hot

    Reasons Behind the Over 100% Surge in API3 Price This Week

    Aug. 20, 2025

    Lack of Altcoin Season? Diminished Global Interest in Response to Weak Market Signals

    Aug. 20, 2025

    China Considers Yuan-Backed Stablecoin to Counter Dollar Dominance: Report

    Aug. 20, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    ETHDailyETHDaily
    Subscribe
    • Home
    • News
      • Altcoin
      • Bitcoin
      • Blockchain
      • DeFi
      • Ethereum
      • Metaverse
      • NFT
      • Regulation
    • Opinion
    • Markets
    • Featured Articles
    • All Posts
    ETHDailyETHDaily
    Home ยป Regulatory uncertainty leading to confusion
    News Regulation

    Regulatory uncertainty leading to confusion

    By adminMay. 9, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email
    Regulatory uncertainty leading to confusion
    Regulatory uncertainty leading to confusion
    Share
    Facebook Twitter Reddit Pinterest Email

    The U.S. Securities and Exchange Commission (SEC) has been actively cracking down on the crypto industry this year, but its current power may also pose a vulnerability in the future.

    In addition to the ongoing legal battles with companies like Coinbase and Ripple, Gary Gensler and the SEC have issued Wells notices to Uniswap, Consensys, and Robinhood for suspected violations. The focus of the potential lawsuits is on the wide range of cryptocurrency services provided by these firms, with a particular emphasis on Ethereum (ETH), the second-largest blockchain asset.

    There is much uncertainty surrounding the SEC’s classification of Ethereum and its digital currency Ether. The SEC Chairman has consistently argued that cryptocurrencies are subject to federal laws, using the Howey Test as justification. However, this stance was challenged in court during the SEC’s prolonged dispute with Ripple, indicating a potential shift in the regulatory landscape that could impact Ethereum’s status as a commodity.

    Critics of Gensler and the SEC have long condemned their approach of “regulation by enforcement” in the crypto space. Companies like Coinbase have taken legal action against the commission, filing petitions for rulemaking in federal court. The absence of a comprehensive regulatory framework for digital assets in the U.S. has allowed the SEC to pursue enforcement actions aggressively, but this could change if Congress intervenes.

    In 2022, two bipartisan bills were introduced that could alter the oversight of cryptocurrencies away from the SEC. The Digital Commodities Consumer Protection Act (DCCPA) proposes transferring regulatory authority over digital assets to the Commodity Futures Trading Commission (CFTC). If enacted, the DCCPA could offer a reprieve for Ethereum, especially as the CFTC Chairman has stated that Bitcoin (BTC) and Ether are commodities.

    The Responsible Financial Innovation Act (RFIA) is another piece of legislation that could bring clarity to the oversight of digital assets by regulatory agencies. Additionally, provisions in the Digital Trading Clarity Act and Financial Innovation and Technology for the 21st Century Act from 2023 may help to address regulatory gaps in the crypto industry.

    Overall, the SEC’s recent actions have drawn criticism, with the Digital Chamber expressing concerns over the Wells notice issued to Robinhood Crypto. However, with potential legislative changes on the horizon, the regulatory landscape for cryptocurrencies in the U.S. could be in for a significant transformation.

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email
    Previous ArticleVitalik Buterin suggests a solution to boost Ethereums capacity
    Next Article Top Cryptocurrency Performers TON AKT AR Surge Over 15 Amidst Market Stability

    Related Posts

    Reasons Behind the Over 100% Surge in API3 Price This Week

    Aug. 20, 2025

    Lack of Altcoin Season? Diminished Global Interest in Response to Weak Market Signals

    Aug. 20, 2025

    China Considers Yuan-Backed Stablecoin to Counter Dollar Dominance: Report

    Aug. 20, 2025

    Exclusive: Solana Acquires Native Ethereum Bridge Through Across’ Intents Model

    Aug. 20, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Opinion Unlocking Crypto Wallets Without Private Keys or Seed Phrases

    Sep. 5, 202492 Views

    EU Exchanges Ditching Stablecoins Is This the End for Stablecoins

    Jun. 21, 202415 Views

    Reasons behind ai16Z’s 35% surge today

    Jan. 14, 202510 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Don't Miss
    DeFi

    Reasons Behind the Over 100% Surge in API3 Price This Week

    Aug. 20, 2025

    API3 Surges 102% Following Upbit Listing API3, the native token of decentralized oracle solution…

    Lack of Altcoin Season? Diminished Global Interest in Response to Weak Market Signals

    Aug. 20, 2025

    China Considers Yuan-Backed Stablecoin to Counter Dollar Dominance: Report

    Aug. 20, 2025

    VVV Price Increases as Whales Accumulate Prior to the Launch of Venice’s Tokenized DIEM

    Aug. 20, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    ETHDaily is your daily cryptocurrencies nutrition and more. Stay updated with the latest insights, developments of cryptocurrencies.

    X (Twitter) Telegram
    Most Popular

    Opinion Unlocking Crypto Wallets Without Private Keys or Seed Phrases

    Sep. 5, 202492 Views

    EU Exchanges Ditching Stablecoins Is This the End for Stablecoins

    Jun. 21, 202415 Views

    Reasons behind ai16Z’s 35% surge today

    Jan. 14, 202510 Views
    © 2025 ETHDaily All rights reserved.
    • Home
    • Markets
    • News
    • Opinion
    • Featured Articles

    Type above and press Enter to search. Press Esc to cancel.