SEC: ‘Laws to regulate cryptocurrencies will take years to develop’
During the trial in a lawsuit filed by the Coinbase exchange, representatives of the US Securities and Exchange Commission (SEC) said that the development of laws to regulate cryptocurrencies will take years and fines will “come down” until then. This is the first time that an American regulator has clearly stated that it is fine with “regulating the cryptocurrency industry with penalties.” Coinbase has previously filed a lawsuit with the SEC demanding clear rules for…
