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Guavy AI Editorial TeamSentiment: -3Clout: 68

SEC Issues New Guidelines for Cryptocurrency Industry, Favoring Trump Family Ventures

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The US Securities and Exchange Commission (SEC) has published new guidelines for the cryptocurrency industry, sparking debate among experts and lawmakers. The rules, which classify most digital assets as commodities or collectibles rather than securities, are seen as a significant shift in regulatory approach.

According to the SEC's chair, Paul Atkins, the framework is designed to provide clarity and balance innovation with consumer protection. However, critics argue that it may create a loophole for unscrupulous actors to exploit.