There is a lot going on with regards to digital assets this week. The future of digital assets seems uncertain to some commentators due to legal actions taken by the Securities and Exchange Commission (“SEC”) against two leading crypto exchanges: Binance and Coinbase
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SEC Chairman Gary Gensler gave important remarks today before the Piper Sandler Global Exchange & Fintech Conference, stating that: “When crypto asset market participants go on Twitter or TV and say they lacked “fair notice” that their conduct could be illegal, don’t believe it. They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business.”
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