In this case the tension is not between SEC and Wall Street but between the SEC (which regulates stocks and bonds) and the CFTC (which regulates commodities and derivatives).
Most people in Wall Street and the crypto community want clearer regulations so they know what the rules are for specific coins/tokens and transactions. What we have now is a very slow Government trying to catch up with technology coupled with infighting between different regulators defending their own turf.
Fortunately there was a bill introduced in the US Senate (referenced in the article) that would clear up much of this, along with various taxation issues.
Most people in Wall Street and the crypto community want clearer regulations so they know what the rules are for specific coins/tokens and transactions. What we have now is a very slow Government trying to catch up with technology coupled with infighting between different regulators defending their own turf.
Fortunately there was a bill introduced in the US Senate (referenced in the article) that would clear up much of this, along with various taxation issues.