SEC commissioner says liquidity pledge statement may exacerbate chaos

US SEC Commissioner Caroline Crenshaw stated that the SEC's latest liquidity pledge statement failed to clarify the application of federal securities laws to cryptocurrency assets and may instead exacerbate industry chaos. She pointed out that the statement is based on unverified assumptions, and legal conclusions only apply when the assumptions are valid. Previously, the SEC stated that liquidity pledge activities are not considered securities and participants do not need to register or comply with relevant exemption regulations.