The SEC’s Strict Registration Requirements for Crypto Liquidity Providers
On February 6, the SEC announced strict rules requiring individuals providing liquidity to register with the agency, especially for assets categorized as securities or government securities, including cryptocurrencies and DeFi.
XRPL AMM: What You Need to Know
The XRP community is eagerly waiting for the launch of the XRP Ledger’s own Automated Market Maker (AMM). This game-changing XLS-30D amendment will empower XRP holders to earn passive income by becoming liquidity providers for various assets on the XRPL. However, pro-crypto attorney Bill Morgan has raised concerns about how these regulations might negatively impact certain entities involved in providing liquidity in the crypto market.
Potential Ripple Effects
Morgan highlights other consequences of the regulations that the XRP community may not have fully considered. Also, if a business gives a lot of liquidity in its regular business, it will now be under regulation. Simply providing liquidity could be seen as a dealing activity under the latest rule.
Hot Take
Cryptocurrency enthusiasts are watching to see how these rules will change and affect the growing world of cryptocurrencies.
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