Crypto advocates see the rule as onerous and capital intensive, and, interestingly, so do banks and other financial incumbents. In February, major banking and securities industry bodies including the Bank Policy Institute (BPI), American Bankers Association (ABA), Financial Services Forum (FSF) and the Securities Industry and Financial Markets Association (SIFMA) wrote a letter to the SEC asking for amendments to the bulletin’s requirements.
Meet the Citizens of Consensus
Last year, the Association for Women in Crypto ran an inclusion survey of 500 people across 200 crypto firms that...