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Could you elaborate on the scope and authority of the Securities and Exchange Commission (SEC) regarding cryptocurrencies? As the financial watchdog, it's crucial to understand the SEC's role in regulating this emerging asset class. Are they primarily focused on investor protection, market stability, or both? What specific measures have they taken to oversee crypto transactions and platforms? And how do they view the intersection between traditional finance and the decentralized nature of crypto? A comprehensive understanding of the SEC's remit would be highly beneficial in navigating this complex financial landscape.
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