SEC receives conflicting comments on crypto market structure bill

The U.S. Securities and Exchange Commission's (SEC) crypto task force has received two conflicting comment letters regarding the proposed crypto market structure legislation, the CLARITY Act, Cointelegraph reported. One letter, submitted by DK Willard on behalf of individual users in Louisiana, argued that the bill must maintain strong requirements for transparency and the prevention of fraud and manipulation to protect consumers. The other letter, from the Blockchain Association, contended that companies trading tokenized stocks and DeFi assets should not be considered dealers requiring registration under the Securities Exchange Act.