Crypto companies began to voice their complaints about the regulations loudly. A statement regarding the regulatory efforts came from the global beverage company PepsiCO. Kate Brady, Head of Innovation at PepsiCO, explained that they need clarity for legislation for Web3.Kate Brady, Head of Innovation at PepsiCo, stressed that regulatory clarity is sorely needed to help Web3 consumers participate. According to Kate Brady, regulatory clarity is needed to help recruit the next generation of Web3 consumers.
Making a statement on the subject, Kate Brady used the following statements:
“We have to restructure ourselves to comply with current regulations, and unfortunately they are outdated and based on the written securities laws of the 1940s.”
Serotonin CEO Amanda Cassatt underlined that clarity in regulatory rules will bring growth to the industry. Cassatt pointed out that the long-awaited Crypto Asset Markets (MiCA) legislation passed by the European Parliament last week makes a distinction between centralized and decentralized projects in the field.
This week, the second curtain opened in Coinbase-SEC tensions. Coinbase has filed a lawsuit with the US securities regulator, the SEC. The exchange requested the SEC to respond to a petition filed in July 2022 with the lawsuit it filed.
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