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SEC Creates Special Purpose Broker Dealer for Custody Digital Ass

Retrieved on: 2024-03-12 06:08:48

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SEC Creates Special Purpose Broker Dealer for Custody Digital Ass. View article details on HISWAI: https://www.natlawreview.com/article/lesson-prometheus-special-purpose-broker-dealer-may-cause-havoc-tradfi-unilaterally

Summary

The article discusses the implications of an SPBD's plan to categorize Ethereum (ETH) as a security, which could transform ETH futures into security futures, triggering dual oversight by the SEC and CFTC and creating complex regulatory challenges for U.S. financial markets.

Article found on: www.natlawreview.com

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