Representatives Emmer and McHenry raise questions about the SEC's classification of airdrops, fearing a negative impact on innovation.
Republican Reps. Tom Emmer e Patrick McHenry recently sent a letter to the president of the SEC, Gary Gensler, requesting clarification of the agency's position regarding the cryptocurrency airdrop. The deadline for receiving a response is set for the September 30. This intervention comes at a time when the SEC has stepped up its legal actions against several companies in the industry, raising concerns among lawmakers about the classification of airdrops as securities.
Emmer e McHenry have pointed out that the position of the SEC Could hinder the decentralization of technology blockchain and limit the benefits that U.S. citizens could reap from innovations in this field. In the past two years, the SEC made significant statements about the airdrop in various legal cases, including one against the Hydrogen Technology Corporation, accused of market manipulation with over 11 billion Hydro tokens.
The legislators stressed that the classification of the airdrop as securities could have negative repercussions not only on thetechnological innovation, but also on the economic growth and on tax revenues. In their letter, Emmer e McHenry have outlined five specific questions concerning the position of the SEC at airdrop and their implications for the cryptocurrencies.
These questions aim to clarify how the SEC intends to move forward in a rapidly evolving field where the definition of what constitutes a title can be blurry. The increasing attention of the SEC toward cryptocurrencies has raised questions about how regulations may affect the ecosystem of cryptocurrencies and the ability of companies to operate effectively.
Many in the industry fear that an overly restrictive approach will stifle theinnovation and push companies to seek more favorable jurisdictions abroad. The request for clarification from representatives Emmer e McHenry is therefore seen as an important step in ensuring that developers and entrepreneurs in the field of cryptocurrencies can continue to prosper without fear of legal sanctions.
The issue of the airdrop is particularly relevant, as it represents a common method for distributing token and encourage user participation. As interest in the cryptocurrencies and technology blockchain, it is critical that regulators provide clear and consistent guidelines.
The deadline set for the response of Gensler could prove crucial to the future of regulating the cryptocurrencies in the United States. In an environment where technology blockchain continues to evolve, regulatory clarity could determine whether the United States will remain a leader in theinnovation or whether they will lose ground to other nations more open to the cryptocurrencies.
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