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The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Department of Justice (DOJ) have each reached different conclusions regarding the digital asset MNGO, leading to three separate legal actions against Avi Eisenberg based on differing theories. This inconsistency in regulatory approach has been criticized for stunting the growth of the U.S. crypto industry. Critics argue that such disparate conclusions and actions demonstrate a lack of clear classification and regulatory coherence for digital assets in the U.S.
Great short write-up on crypto regulation (or lack of direction) that's worth reading Chris Dixon always interesting to read Not even sure memecoins are a big part of the SEC regs thinking tbh. But they might be. Not close enough to it to judge If they are, pretty ironic wen… https://t.co/ntFKT2Jc2v
DeFi Has ‘Higher Level of Accountability’ Following Eisenberg Conviction, Experts Say 🥭 The conviction of the Mango Markets manipulator on Thursday may increase scrutiny on DeFi in the short term — but the outcome could also help protect it. By @Michael_Bodley 🗞️ Read more:… https://t.co/9ulPwxVj93
I wrote an oped in @FT. My goal isn't to defend or to diminish memecoins. It’s to point out the backward incentives of a regulatory regime in the US that lets only memecoins thrive — while companies and tokens with more productive uses face hurdles. https://t.co/0XSXlqfEJX
