CryptoLink - December 2023 Updates
On the one hand, the year ended where it began. The legislation on stabelecoins and market structure that would provide a regulatory framework for digital assets has still not been enacted into law. And Securities and Exchange Commission (SEC) Chairman Gary Gensler remains deeply skeptical of the industry, rejecting requests for a crypto-specific rulemaking and continuing his ‘regulation by enforcement’ effort. There have been even more bumps in the road, particularly revived by associations of crypto with illicit activity in the wake of reporting about the role of crypto in financing terrorist activity.
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