Crypto’s Free Rein May Be Coming to a Close
— Profits deriving, Orwl avocats, Existence, Busted, Money, Providing, Proposals may look like, Providers, Passed, Boomed — 1 min read
Lawmakers in both the US and Europe are writing new rules for a sector that has grown dangerously large in both value and reach. The ongoing crash on crypto markets has strengthened rule-makers’ resolve. EU institutions announced an agreement on two landmark pieces of regulation on Thursday. The EU’s MiCA Act is “quite frightening for the crypto industry, actually” says William O’Rorke, a Paris-based lawyer from ORWL Avocats, who specializes in crypto assets compliance. The SEC has generally submitted cryptocurrency projects to the so-called Howey test. Most of the tokens launched and sold today should simply stick to existing securities regulations, says the SEC. Some have complained that the SEC's approach lacks clarity Source