The Catch-22 of U.S. Crypto Regulation

The SEC, moreover, hasnโ€™t allowed any currently registered exchange or broker-dealer to list, custody or trade crypto tokens. The SECโ€™s view is that any registered institution willing to work with crypto tokens โ€œcould not deal in, effect transactions in, maintain custody of, or operate an alternative trading system for traditional securities.โ€

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