What are the benefits of setting a higher SEC threshold for digital currency transactions?

3 answers

• May 01, 2022 · 3 years ago
  Setting a higher SEC threshold for digital currency transactions can provide increased investor protection and reduce the risk of fraudulent activities. By requiring a higher threshold, it becomes more difficult for scammers and fraudsters to manipulate the market and exploit unsuspecting investors. This can help to build trust and confidence in the digital currency ecosystem, attracting more institutional investors and fostering the growth of the market.
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• May 01, 2022 · 3 years ago
  One of the benefits of setting a higher SEC threshold for digital currency transactions is the potential to mitigate market volatility. With a higher threshold, larger transactions would be subject to regulatory oversight, which can help to prevent sudden price fluctuations caused by large-scale trades. This can create a more stable and predictable market environment, making digital currencies a more attractive investment option for both individuals and institutions.
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• May 01, 2022 · 3 years ago
  From BYDFi's perspective, setting a higher SEC threshold for digital currency transactions can enhance the overall credibility and legitimacy of the industry. It demonstrates a commitment to regulatory compliance and transparency, which can attract more users to the platform. Additionally, a higher threshold can help to weed out low-quality projects and scams, ensuring that only reputable and legitimate digital currencies are available for trading. This can contribute to a healthier and more sustainable digital currency ecosystem.
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