The US Securities and Stock Exchange Commission (SEC) held a meeting with Jito Labs and Multicoin Capital to evaluate whether the stinging application will be possible in crypto -based investment products. The meeting was held as a part of the efforts to create a regulatory framework for the sector. This initiative allowed the evaluation of important developments in terms of the security of investors and Blockchain networks.
The purpose of the meeting and the participants
The meeting was held on 5 February. Jito Labs CEO Lucas Buder and Legal Officer Rebecca Rettig and Multicoin Capital’s manager Kyle Samani and Legal Advisor Greg Xethalis participated. In a memorandum published by the SEC on February 14, the details of the session organized in order to evaluate the stinging application under the title of crypto subject were given.
Stinging applications
During the meeting, possible models of the integration of the Stinging application into crypto -based ETPs were discussed. In one of the models presented, a certain portion of the assets in ETP was subject to stinging through the provider provider. Thus, the security of Blockchain networks may have been supported, while investors can take back their assets in time.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
The meeting is evaluated among the steps taken for the elimination of regulatory uncertainties and it is seen that the sector representatives exchanged views. Participants emphasized that Stinging application can offer potential benefits to investors and contribute to network safety.
In the statements of the SEC, it is stated that the introduction of such an application is important in terms of raising awareness of investors and increasing the confidence in the sector. In the official documents, it is emphasized that the advantages that can be provided through stinging are emphasized, and if it is implemented, it is emphasized that the responsibility will be shared.
The meeting was interpreted in terms of shedding light on the ongoing studies to clarify the regulatory approaches in the sector. The models offered by the related companies can form the basis of future applications. The Gens were clearly opposed to this, and since he no longer has any task in the SEC, the authorities of the institution can sit and talk to the sector players. How beautiful isn’t it?
In addition to the potential benefits for investors, the measures taken by regulatory institutions in the name of healthy functioning of Blockchain technology were also on the agenda. This study may contribute to the process of placing the developments in the crypto market in the regulatory framework.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
