Crypto exchanges will have to submit to the Securities and Exchange Commission, JPMorgan says JPMorgan experts believe that all US crypto exchanges, including Coinbase and Binance.US, will be forced to register with the SEC as brokers, and all cryptocurrencies will be classified as securities, reports The Block. This could have a negative impact on the cryptocurrency industry and increase the dominance of Ethereum. According to JPMorgan analysts, the SEC is applying a tough policy against the largest crypto exchanges, filing lawsuits against them for violating securities laws. This requires urgent intervention from US lawmakers, who must develop comprehensive rules to
Go to Source
Author: NixCoin