MEXCBreaking: Hong Kong Regulator To Release Crypto Exchange Rules; Will US SEC Follow?
Crypto News: As the global digital asset market looks for regulatory clarity from top financial watchdogs, Hong Kong plans to deliver a framework. Hong Kong’s Securities and Futures Commission is reportedly releasing guidelines for crypto exchanges. However, this development comes in when one of the biggest financial regulators U.S. Securities and Exchange Commission (SEC) struggled to provide regulatory clarity.
Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC
Hong Kong Seeks To Provide Clear Crypto Rules
As per reports, Hong Kong Securities and Futures Commission Chief Executive Officer Julia Leung in an event stated that licensing guidelines for digital asset trading platforms in May. She added that the consultation process for crypto exchanges’ regulatory guidelines witnessed more than 150 feedbacks.
Hong Kong aims to develop and portray itself as a financial hub. The regulator is planning to allow retail investors to trade cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). At the same time, a regulatory crackdown can be seen in the U.S. Read More Crypto News Here…
Also Read: US House Investigating Potential Operation Choke Point 2.0 To De-Bank Crypto
U.S. SEC has been criticized for not providing clear rules for crypto trading and other operations. Coingape reported that the U.S. biggest crypto exchange, Coinbase on Monday filed a lawsuit against the SEC. However, Brian Armstrong, Coinbase CEO also minted an NFT and asked the Community to “Stand With Crypto”.
The complaint requests the court to ask the US SEC to publically release the reply to its months old petition regarding clarity over digital asset regulations.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- AI Bubble: Big Short Legend Michael Burry Bets Against AI Giants As NVIDIA And Palantir Stocks Dip
- Hyperscale Data Nears $100M Bitcoin Treasury Target With $73.5M in Holdings
- Balancer Hack Update: StakeWise Retrieves $19.3M From Multi-Million Dollar Exploit
- Toobit Gets Dual Victory at Blockchain Life Awards 2025
- Crypto Market Crash: Here’s Why Bitcoin, ETH, XRP, BNB, SOL Falling Sharply Today
- Dogecoin Price Risks 20% Crash as Death Cross Aligns With Falling DOGE ETF Inflows
- Will Bitcoin Price Recover When US Govt. Opens? On-chain Data Shows Recovery Might Take a While
- XRP Price Forecast as Price Nears a Death Cross Formation- Is a Crash Below $2 Inevitable?
- Why These Crypto Coins Are Soaring Today: DASH, ZEC, and ICP
- Is a Pi Coin Price Meltdown Ahead? November’s 2.4% Supply Unlock Sparks Warnings
- Solana Price Eyes Rebound as Institutional Demand Tops $3.2B YTD
