Paradigm: SEC's Redefinition of Exchanges Exceeds SEC's Statutory Jurisdiction
Commenting on the SEC's redefinition of "exchange," Paradigm said, "Through this arbitrary rulemaking, the SEC is improperly attempting to bring crypto trading platforms, including DEX, under its purview and regulate them as stock exchanges. The "exchanges" that the SEC has authority to regulate are those that act as intermediaries for securities transactions and those that are operated by a select group of entities capable of taking collective action, two critical functions that DEX lacks."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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