Regulators gonna regulate 🤭
Howdy howdy howdy. Once again it's Taylor, CEO of Hedgehog, where you can track and trade your whole crypto portfolio in one spot.
So, how 'bout the news, huh? Regulation is the hot topic du jour. I often find myself wondering, "Can regulation be fun?" Most of us would say no, but it seems like the SEC has shown up in half the headlines lately, and they're ready to party!
On that last one, let's just say, uh, opinions differ: "The Alabama Securities Commission explained Celsius' so-called Earn Rewards program 'constitutes the solicitation of an investment of money; from which an investment return is expected; with such investment return based on the managerial efforts of Celsius.'" The organization’s counterparts in New Jersey and Texas have also scolded Celsius. Oof.
Remember MiamiCoin? Miami sure does! According to the mayor, Francis Suarez, the project earns $2,000 for the city every 10 minutes. Pretty baller.
