Coin Center takes aim at ‘unconstitutional’ SEC redefinition of an ‘exchange’ By Cointelegraph

Coin Center takes aim at ‘unconstitutional’ SEC redefinition of an ‘exchange’

Nonprofit blockchain advocacy group Coin Center has called the Securities and Exchange Commission (SEC) proposed redefinition of an “exchange” an “unconstitutional overreach.”

The lobby group made the comments in a written response to the SEC’s March 18 Amendments Regarding the Definition of “Exchange”, which details changing the meaning of “exchange” from a “system that brings together the orders” of a security to one that “brings together buyers and sellers.”

The SEC’s proposed rule to change the definition of “exchange.”
Comments from Coin Center on the SEC’s rule proposal regarding exchanges.