🇺🇸 NEW: U.S. Securities and Exchange Commission crypto taxonomy seen as “final nail” in Gary Gensler era
What is happening?
• Comment from Alex Thorn of Galaxy Digital $ZEC
• New SEC crypto taxonomy released
• Viewed as shift away from Gensler-style enforcement approach $NEAR
• CLARITY Act still needs to pass to formalize rules $PAXG
What this suggests:
• Regulatory tone potentially becoming clearer
• Reduced uncertainty for crypto classifications
• Legislative approval still critical
Context:
• Taxonomy aims to define token categories
• Market structure legislation shaping future oversight
📊 Market takeaway:
Cautiously bullish. Clearer regulatory definitions could unlock institutional participation, but momentum depends on CLARITY Act passage.