Coin Center takes aim at ‘unconstitutional’ SEC redefinition of an 'exchange'
The DC-based non profit believes the SEC is making a gross overreach with its new proposed definition of exchange as it would include the means of communication and not just trade. Nonprofit blockchain advocacy group Coin Center has called the Securities and Exchange Commission’s (SEC) proposed redefinition of an “exchange” an “unconstitutional overreach.”The lobby group made the comments in a written response to the SEC’s March 18 Amendments Regarding the Definition of “Exchange”, which details changing the meaning of “exchange” from a “system that brings together the orders” of a....
Related News
Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation. Related Reading: ‘Ethereum Wins Big’ With New US Stablecoin Draft Bill: Expert Latest […]
Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the Securities Exchange Commission. Ranking member of the United States House Financial Services Committee Patrick McHenry and ranking member of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Bill Huizenga sent a letter Monday to Securities Exchange Commission (SEC) Chairman Gary Gensler to express their concerns about proposed SEC amendments to the Exchange Act of 1934 that would expand the definition of an exchange and the phrase “as....
Dorsey's gift is the latest in a stream of donations to Coin Center.
Coin Center, an educational and research institution, today launched its website with the aim of focusing on public policy issues facing Bitcoin and other cryptocurrencies. Coin Center, "a new voice for Bitcoin," announced the launch of its website and its mission: "To build a better understanding of the technology in order to promote a regulatory climate that preserves maximum freedom of action for digital currency innovation." While the organization is not affiliated with any particular Bitcoin company, product, or initiative, Coin Center's focus is on engagement, education, research:....
On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). The post, published by Coin Center’s Jerry Brito and Peter Van Valkenburgh, explains that by treating autonomous code as a ‘person’ “OFAC exceeds its statutory authority.”
Coin Center Insists ‘OFAC Has Overstepped Its Legal Authority’
Coin....