In addition, the MAS has imposed limitations on cryptocurrency service providers, preventing them from enabling retail customers to engage in token lending and staking activities.
Despite their reluctance, Coinbase and Binance might be compelled to shift their focus towards other endeavors.
According to Jason Gottlieb, a partner at Morrison Cohen LLP, the 'major questions doctrine' of the Supreme Court could serve as a means of restricting the regulatory actions taken against cryptocurrencies.
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