Crypto Ban No Longer Feasible for SEC, Bloomberg's Top Columnist Says
Main Idea
Matt Levine, a prominent Bloomberg columnist, argues that banning cryptocurrency in the U.S. is no longer feasible, despite regulatory challenges and the SEC's past hostility.
Key Points
1. Matt Levine states that banning crypto in the U.S. is no longer feasible, as 'that ship has sailed.'
2. Former SEC Chair Gary Gensler had a hostile stance toward crypto, making registration nearly impossible and effectively rendering it illegal.
3. Current SEC Chair Paul Atkins has hinted at making crypto registration possible, signaling a potential shift in regulatory approach.
4. The article mentions ongoing developments in the crypto space, such as new trading platforms and decentralized networks, indicating continued industry growth.
Description
Matt Levine is convinced that crypto can no longer be banned in the U.S. due to its global influence
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