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?
You have to look at what the US SEC mandate is, to protect US consumers.
So that's what they want to do with regards to everything crypto related, they want to monitor everything, enforce KYC, limit how much money you are going to send or received etc, etc.
It's going to be a big task for them, and I'm not sure how they are going to enforce it.