Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

SEC To Hunt Crypto, Redefines “Security Exchange”

written by

SEC crypto regulation

Support free journalists: > send a tip

The U.S. Securities and Exchange Commission (SEC) released a proposal to change the definition of “security exchange” in order to broaden its regulation.

The SEC stated that the purpose of the proposal is “to include systems that offer the use of non-firm communication protocols and trading interests to bring buyers and sellers of securities together.”

Some Disagreement

The initiative generated concern and public backlash from the community that fears the impact this will have on decentralized finance (DeFi).

Commissioner Hester Peirce and DeFi community figures publicly reject the change.

In this way, decentralized finance platforms could be included under the term ATS (alternative trading system), Gabriel Shapiro, a lawyer and DeFi enthusiast, said in a statement.

Although the document makes no express reference to DeFi, blockchain, protocols or AMM (automatic market maker).

However, he said, “I think it is very likely that the SEC staff will use its expanded definitions of ‘stock exchange’ to bolster currently weak arguments that MMAs constitute stock exchanges.

An example of an AMM could be a decentralized exchange (Uniswap or PancakeSwap, among others), where a smart contract determines the price of assets based on supply and demand.

The community asks to raise its voice to take care of DeFi.

Gabriel Shapiro expressed, “We should not underestimate the threat that this radical and sudden paradigm shift by the SEC poses to the blockchain and decentralized finance movements.” 

He also emphasized: “We have been given a minimum of 30 days to make our voices heard.”

The Commissioner Hester Peirce, who issued a statement of dissent on the proposal, adjudged that the 30-day period given by the SEC for review “is unconscionably imprudent.”

She said this, considering that its “effects will reverberate throughout the markets we regulate, in ways we cannot foresee.”

The Commission has determined that it is appropriate to provide the public with 30 days to read, understand, consider, consult, identify, model, evaluate, and discuss these rules and how they are likely to affect trading venues for all types of securities traded in our markets.

The commissioner also stated that there is still “a lot of uncertainty about how the SEC thinks about digital asset securities and there are even different views within the regulator.”

The SEC should revise this proposal to make clear that it does not, in effect, intend to prohibit the creation and deployment of mere code for peer-to-peer token trading or websites, including even simple blockchain explorers, such as Etherscan, that simply provide information about interactions that have occurred or may occur.

For his part, Gary Gensler, the chairman of the SEC, noted in a statement, “a lot has changed.” “During that time, the private fund industry grew in size to a net asset value of USD 11 trillion and evolved in terms of business practices, complexity of fund structures, investment strategies and exposures,” he said.

That is why he believes it is appropriate to change the definition of “stock exchange” to broaden its regulation.

The DeFi’s are not the only thing that could be in the SEC’s sights, though. The regulator would also be keeping an eye on interest payment services for Bitcoin (BTC) deposits and other cryptocurrencies.

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter