Chairman Atkins has stated that he plans to bring securities markets on-chain but still hasn’t provided insight into whether or not wallets used to trade these assets will require legal identification.
As a former U.S. regulator, Massad believes that a balance must be found between user privacy and the government’s ability to monitor for illicit activity when it comes to digital assets.
US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.