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What will be the next major regulatory action by the SEC related to cryptocurrency by the end of 2024?
2
Resolution / Starting Odds
Introduction of new regulations • 25%
Issuance of new guidelines • 25%
Filing of new lawsuits • 25%
Other • 25%
Official SEC announcements
Story
SEC Abandons Term 'Crypto Asset Security' Amid Binance Case; Tokenized Assets Hit $12B
Sep 13, 2024, 11:50 AM
The SEC has made a significant shift in its approach to cryptocurrency regulation by abandoning the term 'crypto asset security'. This move comes in the wake of criticism and confusion over the term, which the SEC now admits was invented. The change was noted in Footnote 6 of the SEC's amended complaint against Binance, where it expressed regret for any confusion caused by the term. This development highlights the ongoing regulatory challenges and evolving landscape in the cryptocurrency sector. Meanwhile, the market value of tokenized real-world assets, such as US Treasuries and commodities, has reached a record high of over $12 billion, according to Binance research. This excludes the stablecoin market, which is valued at more than $175 billion.
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Introduce new regulations • 25%
Modify existing regulations • 25%
Rescind existing regulations • 25%
No major action • 25%
New lawsuit against another exchange • 25%
New regulations for crypto assets • 25%
Settlement with another major exchange • 25%
Other • 25%
New regulations • 25%
New investigations • 25%
Settlement agreements • 25%
Jurisdiction clarification • 25%
Issue new regulations • 25%
Classify tokens as non-securities • 25%
Both • 25%
Neither • 25%
Yes • 50%
No • 50%
Introduction of new regulations • 25%
Relaxation of existing regulations • 25%
Increased enforcement actions • 25%
No significant changes • 25%
Increased regulations • 25%
Decreased regulations • 25%
No significant change • 25%
Other • 25%
Recordkeeping failures • 25%
Insider trading • 25%
Market manipulation • 25%
Other • 25%
New lawsuit against another firm • 25%
New regulations introduced • 25%
Guidance issued without legal action • 25%
No action taken • 25%
Pro-Crypto • 25%
Neutral • 25%
Anti-Crypto • 25%
No significant change • 25%
Transfer to CFTC • 25%
New SEC guidelines • 25%
Bipartisan bill • 25%
No major action • 25%