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Congressmen tell SEC redefining long-standing concepts would be bad for digital ecosystem

Each said they understand that Communication Protocol Systems would be included in the definition of exchange under lengthy new wording proposed January 26. Communication Protocol Systems are not explicitly mentioned in the proposal. The redefinition drew fire from Coin Center last week. The crypto lobbying group said it would create a “speech-based definition” of an exchange and impact decentralized exchanges by requiring them to be licensed. Coin Center claimed the change would be a violation of free speech.

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Source: Cryptocurrency - investing.com

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