On regulation, the crypto industry has everything backwards ...Middle East

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On regulation, the crypto industry has everything backwards
This week marked a sharp escalation in the longstanding conundrum of how to regulate cryptocurrency.  After long hinting at the prospect, the Securities and Exchange Commission finally brought charges against two of the biggest cryptocurrency exchanges in the world, Binance and Coinbase, for operating as unregistered national securities exchanges, brokers and clearing agencies, as well as engaging in unregistered securities offerings through their staking-as-a-service programs.  The Coinbase charges were filed just hours before the House Agriculture Committee held a hearing to discuss a 162-page discussion draft released last week by Republican chairmen of the House Financial Servic

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