- Morgan questions as to why the SEC is so concerned about liquidity provision.
- Bill Morgan disapproves of the SEC’s recently published rules affecting the crypto industry.
- According to Morgan, with the current rule, the XRPL DEX would need to register as an exchange.
Renowned crypto lawyer Bill Morgan has joined the growing list of crypto experts expressing their disapproval of the SEC’s recently published rules affecting the crypto industry. In a recent post on X (formerly Twitter), Morgan wondered which entities in the crypto market would be most harmed by the rules.
I wonder which entities in the crypto market will be most harmed by this penalising of liquidity provision. Why is the SEC and the vested interests it serves so concerned about liquidity provision. Decentralization of liquidity provision it seems will upset some apple carts. https://t.co/etbgXsNSEq pic.twitter.com/9prSVPXcCy— bill morgan (@Belisarius2020) February 6, 2024
One of Morgan’s most significant questions over the decision by the SEC is why the SEC and the vested interest it serves are so concerned about liquidity provision. He believes the main reason is that decentralized l…
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