SEC Crypto Crackdown Casts Shadow on GameFi Integration
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SEC has taken an aggressive stance against crypto, making major developers like Rockstar hesitant to incorporate it into games.
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Asia has clearer rules around GameFi, with South Korea and Japan equating it to gambling, and China banning crypto trading entirely.
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The SEC provided some guidance in a no-action letter to Pocket Full of Quarters, indicating fixed-price tokens aren't securities.
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However, fixed pricing may be burdensome for developers as DeFi evolves. Regulatory ambiguity remains an obstacle.
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While risky currently, GameFi integrations could be big in the future if regulatory clarity is achieved.