According to Gensler, FIT21 ignores long-standing precedent for how investment contracts are regulated, puts the agency into a tough position for certifying self-proclaimed digital commodity issuers, ignores Supreme Court precedent in the Howey Test, removes investor protections and potentially allows investors to take on excessive risk without appropriate disclosures.
Meme Coin Liquidity Hits Record High $128M Even as Bid-Ask Spread Spotlights Risk
The combined figure for DOGE, SHIB, PEPE, WIF, BONK, GROK, BABYDOGE, FLOKI, MEME, HarryPotterObamaSonic10Inu and HarryPotterObamaSonic, recently rose to $128...