QUESTION: When the US Securities and Exchange Commission said recently that they plan to "police cryptocurrency exchanges and coin offerings, as well as monitor NFTs, decentralized finance platforms, and stablecoins," what exactly do they mean by that?
- Regulate exchanges and token sales that involves US citizens.
- Monitor means study them for now and then introduce new policies to regulate them later on.
And to what extent can they have control over the crypto market?
They can only act on what happens within their jurisdiction or on activities that involves their own citizens but there's a huge number of crypto playets coming from the US so it's difficult to estimate.