Big Businesses Are Crazy About Bitcoin, US Securities Regulatory Commission Plans to Clarify Rules | TechNews

Recently, Tesla founder Musk announced a large purchase of Bitcoin, which alarmed the US securities regulator and announced that a new market order will be established as soon as possible.

According to foreign media reports, senior officials at the U.S. Securities and Exchange Commission (SEC) said that large American companies such as Tesla, New York Mellon and Mastercard are excited about cryptocurrencies. Such alternative asset classes urgently need a clear regulatory system. .

In particular, the recent Gamestop incident has made the relevant units very sensitive. Such market incidents have been very vigilant and the supervision of cryptocurrencies has also received attention again. . Today, many companies have clearly expressed their love for cryptocurrencies, not only the financial industry has triggered a boom in digital assets, like the one that electric car maker Tesla has been involved with.

Musk’s recent $ 1.5 billion purchase of Bitcoin has attracted the attention of the Securities Regulatory Commission. The relationship between the two has actually been bad before, and Musk has repeatedly had a history of indiscriminately affecting the market. Today, although Bitcoin does not appear to be directly related to Tesla’s business, its actions can be investigated again.

In this regard, although there are opinions that Musk’s current related tweets only reflect personal beliefs and have nothing to do with the company’s operations, Musk has said that in the future he will be able to use Bitcoin to buy its products and other topics. . Therefore, some experts still believe that Musk’s speech is seen as an attempt to manipulate the market and regulatory authorities should intervene.

However, this is not necessarily bad news for cryptocurrencies. SEC Commissioner Hester Peirce noted that there is still a long way to go before reaching a political conclusion. And it has been working to legalize cryptocurrencies. The new government is expected to formulate clearer rules after coming to power. There are even many optimistic views that as long as there are clear regulations, it will help normalize cryptocurrency prices and make them more. popular.

(Source of the first image: shutterstock)

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