Hi everyone!
We are aware that the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against cryptocurrency exchange Coinbase in New York federal court. The SEC alleges that various tokens are securities, including NEAR. Here at the NEAR Foundation we take compliance seriously, and believe that appropriate regulation can actually be good for the industry. We will review the SEC filing, and issue a full response soon. Our vision at NEAR has always been to build an open, inclusive and accessible platform for Web3 and we are committed to making that a reality.
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Iām impressed that such news are seen without replies at the moment from community members.
The NEAR, along with the full Web 3 ecosystem is a common source of innovation in many areas, including those that are not related to finances. Trying to stop, or even slowing down its development, can cause that countries lost opportunity to take advantage of this.
Hope the best can came up from regulators worldwide. Thanks for keeping us updated.
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I agree with you Alan, it is important to keep up with the development of Web 3
This vision is what has led Near to be the reference in the construction of an open protocol