Crypto legislation could free industry of SEC oversight—but critics warn it’s a pandora’s box

The Securities Clarity Act may redefine ‘security’, officially exempting cryptos such as Solana and XRP from SEC scrutiny. This shift aims to create a more favorable regulatory environment for the crypto industry, sparking both support and criticism.

Critics warn that easing regulations might set precedent for other sectors to evade securities laws, jeopardizing the stability of established market norms. There are calls for cautious progress as the legislation evolves alongside ongoing debates.