Opinion: Current US regulators cannot effectively regulate cryptocurrencies
According to a report by Jinse Finance, lawyer and strategic advisor Alexandra Damsker pointed out in "Understanding DeFi" that current regulatory agencies such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are unable to effectively regulate cryptocurrencies due to the changing nature of tokens. Damsker explained that existing regulatory systems assume that regulated projects are static, while tokens are dynamic and can have multiple functions at the same time among different holders or even within the same holder. This dynamic nature makes it difficult for any existing regulatory system to fully apply. Damsker further pointed out that attempting to incorporate tokens into traditional regulatory frameworks can only provide limited protection and may limit innovation. Therefore, she called for new regulatory methods to be designed for tokens and their dynamic characteristics to better adapt to the rapidly evolving technological environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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