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? And to what extent can they have control over the crypto market?
Each state has a legal entity that monitors assets such as the SEC that covers jurisdictional operations. The SEC is therefore in constant communication with market regulators, central banks, ministries of finance, and law enforcement authorities in other jurisdictions around the world. The goal is to monitor the flow of funds. Like it or not, every citizen who has an asset monitoring agency regulation will accept the rule. If not, then the madness of the SEC is that we are punished with multiple layers of articles.