Can someone explain in simple words what's the SEC and why we need it?

[Nhor1011]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC play a big rule in terms of market industry and cryptocurrency is one of this market.The Securities and Exchange Commission is the agency responsible for regulating the securities industry . In addition to its regulatory functions, the SEC also maintains the country's company register.The SEC is responsible for the efficient,transparrent and effective market.

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[KingScorpio]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

the SEC is a pseudostatist, organ of the private american usd printing banking cartel

it is a big fake created and developed during the cold war, in order to keep americans believing they can get rich and wealthy,

in truth the banks were designed to make the established rich richer and richer, and keep the poor dreaming and working.

regards

[ranman09]

On the third hand (lol) I believe that bitcoin should allow anyone to participate. Even institutional money.
Institutional money also means pension funds, that is composed by millions of individuals. I think everyone should be able to buy bitcoin. No exceptions.

On the fourth hand, If the sec will require bitcoin to be regulated and to remove the anonymity (can be?). Then it will not be bitcoin anymore. This matter is really confusing for both the SEC and us holders haha.

[Sadlife]

Well basically SEC allows bitcoin to operate in certain countries like US not that it can't operate without SEC'S permission but it can help to avoid bitcoin getting banned and avoid getting treated us a ponzi scheme this hepls btc boost its popularity to investors and local businesses to be adopted. We dont need SEC's approval but it will certainly helps us.

[deppil]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC play a big rule in terms of market industry and cryptocurrency is one of this market.The Securities and Exchange Commission is the agency responsible for regulating the securities industry . In addition to its regulatory functions, the SEC also maintains the country's company register.The SEC is responsible for the efficient,transparrent and effective market.

when the SEC recognizes bitcoin and provides regulations on bitcoin to be traded, of course it will have a positive effect, of course the bitcoin market will be wider, users will be more numerous, and certainly will make prices go up and bitcoin is increasingly popular

[bitmover]

On the fourth hand, If the sec will require bitcoin to be regulated and to remove the anonymity (can be?). Then it will not be bitcoin anymore. This matter is really confusing for both the SEC and us holders haha.

I believe that removing bitcoin anonymity is not possible.
Of course kyc can be required everywhere, but you can always create a new address that Will be anonymous for some time at least

There are always turn around for excessive regulations

[hicaribou]

However, In order for an ETF to get approved, the SEC needs to deem the asset to be regulated and not subject to anonymous manipulation. Obviously, Bitcoin can be manipulated easily by anonymous people, as most of the largest Bitcoin exchanges out there are not US based and therefore don't have KYC/anti-money laundering requirements.

This is why the last proposal was rejected and it's why future proposals are likely to be rejected as well.

Does that KYC procedure on exchange have the biggest impact on ETF approval? Actually i see that many even most of the exchanges have had KYC procedure especially for big capital users.

Do you think this will affect the current pending ETF approval?

[jonathan6655321]

What is the Securities And Exchange Commission - SEC
The U.S. Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of securities markets and facilitating capital formation. It was created by Congress in 1934 as the first federal regulator of securities markets. The SEC promotes full public disclosure, protects investors against fraudulent and manipulative practices in the market, and monitors corporate takeover actions in the United States.


Generally, issues of securities offered in interstate commerce, through the mail or on the Internet, must be registered with the SEC before they can be sold to investors. Financial services firms, such as broker-dealers, advisory firms and asset managers, as well as their professional representatives, must also register with the SEC to conduct business.

source:
https://www.investopedia.com/terms/s/sec.asp


i hope it helps

[rodel caling]

Because is all about ETF issues that's why bitcoin need the sec approval, people are hoping if the ETF approve by the US security and exchange commision possible bitcoin bounce back again their price.

[Olalomi]

With my view i think SEC means Securities and Exchange Commission. is a federal agency that regulates the U.S. stock market, the SEC contributes to the high standard of living we enjoy today. It does this by providing transparency into the financial workings of U.S. companies. It makes sure investors can get accurate and consistent information about corporate profitability.

This is a quite insightful and simple enough to comprehend I think a lot people are aware of delay approval of bitcoin trading by SEC but could not really know what they stand for and their mode of operations but I believed from this many newbie will able to learn and understand more details about SEC.

[priselive]

United States Securities and Exchange Commission (SEC). Frequently, the Commission finds it expedient to allocate long periods for making these or other decisions to approve or disapprove the proposed change of rules that may be created in the market.

[coinnumber]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC is Securities and Exchange Commission backed by US to ensure dependability and effectiveness by directing and checking securities markets. This has almost wiped ICO projects off as STO projects are been monitored by SEC for the safety of investors funds. I think this will also add to the development of bitcoin and crypto price in general.

[bdbabiak77]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

the SEC is a pseudostatist organ of the private american banking cartel that runs it in order to fake an altruistic legitimacy,

it is not statist or public as the united states is not a communist society it is simply a private lobby organization created to represent the regulatory interests of the american banking cartel.

the american banking cartel is selfregulated and runs basically the united states.

regards

Nailed it!

[fosco333]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

Well, SEC is Securities and Exchange Commission, a legal federal in US.
Their duty is to regulates the matters about securities market in the world, and protecting the investors against fraud.
If bitcoin ETF approved by them, i think it will be good because more peoples will come into crypto.

[Mfomo]

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government. The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.
Formed June 6, 1934; 84 years ago..

[kotajikikox]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC I EXPLAIN it with my own understanding   about the importance of sec in cryptocurrency involvement.
Some people they believe if bitcoin become regulated their value become expensive again.

approves by the sec control by the government of each country bitcoon will become stable by doing this idea as regulated currency and the privacy being decentralized anonymous digital curreny become regulated and control the government as legal tender.

[Pab]

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC is USA regulatory body.His mission is to protect investors
Decision you are talking about is famous ETF approval i guess
Bitcoin ETF has been rejected because of price manipulation on global exchanges
Bitcoin ETF approval can have huge impact on price but if ETF will be only next derivative than i am worry than bitcoin can be asset similar to gold
But if we talk about price than gold price jumped 1000% after gold ETF has been approved

[taratorly]

In fact, ETF is just a US-based development. It won't really affect the rest of the world. However, the market is very focused on the SEC and the ETF. I don't think there's a useful conclusion from the SEC.