- Mike Selig said the SEC finds it hard to handle crypto without clear directions.
- The crypto lawyer believes the SEC’s action against Paxos and BUSD is an example of such challenges.
- Last week, the US SEC alleged that the BUSD was an unregistered security.
In a recent interview, crypto lawyer Mike Selig argued that the US Securities and Exchange Commission (SEC) would find it challenging to regulate crypto without clear rules. Selig suggested that the SEC’s action against Paxos and BUSD is another example of the industry’s challenges due to the lack of clear regulations.
Source: https://coinedition.com/crypto-lawyer-its-really-hard-to-navigate-without-any-clear-rules/