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Could you possibly explain to me why the Securities and Exchange Commission, known as the SEC, seemingly refrained from introducing fresh regulations pertaining to cryptocurrencies? It seems like with the rapid expansion and increasing popularity of digital assets, there would be a need for updated and clearer guidelines. Is it a matter of resources, priority, or perhaps a cautious approach, given the volatile and innovative nature of the crypto market? I'm curious to understand the reasons behind this decision and how it might affect investors, innovators, and the crypto ecosystem at large.
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