Market participants weigh in on SEC’s proposed crypto regulations

What happened: The SEC is closing public comment on its "Regulation Crypto Assets" proposed rules after Congress failed to pass crypto framework legislation. Key numbers: About 140 comments gathered over a 60-day period; rules proposed in August; six comments submitted anonymously. Why it matters: Some legal experts suggest the rules could be more easily overturned than an act of Congress, and the SEC and CFTC remain understaffed at the leadership level.

The SEC is closing public comment on its "Regulation Crypto Assets" proposed rules after Congress failed to pass crypto framework legislation.

Some legal experts suggest the rules could be more easily overturned than an act of Congress, and the SEC and CFTC remain understaffed at the leadership level.