SIFMA waving “technology neutral” yet again as a way to create unenforceable prohibitions and unworkable registration reqs on truly decentralized protocols
here again are the big banks and brokerages attacking this SEC’s work on crypto while also building it themselves
🙄

i wrote about this duality from the banks a couple weeks ago.. how they are working to integrate blockchains and crypto while their lobbyists and trade groups simultaneously obstruct in washington
twitter.com/intangiblecoins/st...
read SIFMA’s letter to the SEC from yesterday here sec.gov/files/ctf-written-inpu...…
we will respond to this at a time of our choosing but suffice to say i disagree with essentially all of their arguments, most of which rely on a variety of fallacies
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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