🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

SEC Chair’s Regulation Plans Fail to Address the Relationship Between US Securities and Crypto Laws

SEC Chair’s Regulation Plans Fail to Address the Relationship Between US Securities and Crypto Laws

Hester Peirce is a commissioner for the SEC - the Securities and Exchange Commission in the United States. Recently, she has called out the SEC on their regulatory framework, in regards to lack of clarity when it comes to cryptocurrencies and other digital assets of the kind.

The SEC has released an agenda for what they will be working on in the following months. According to the criticisms from Peirce, however, this agenda lacks some of the most important aspects, such as digital asset investor protection measures, crypto rule & law clarifications, certain retractions to already-existing laws, and more.

Hester Peirce, together with another commissioner Elad Roisman, mostly criticized Gary Gensler’s (the chairman of the SEC) position in terms of clarity on the stance that the SEC assumes when it comes to crypto. Notably, the two commissioners argue that, apart from everything else, this lack of transparency will result in companies having a difficult time entering the space.

What is Basic Attention Token (BAT)? Brave Browser EASILY Explained

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Basic Attention Token (BAT)? Brave Browser EASILY Explained

What is Basic Attention Token (BAT)? Brave Browser EASILY Explained What is Basic Attention Token (BAT)? Brave Browser EASILY Explained

The commissioners elaborated on this idea in a joint statement:

“Rather than taking on the difficult task of formulating rules to allow investors and regulated entities to interact with digital assets, including digital asset securities, the Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor interest.”

While Gensler has urged crypto-related companies to discuss their procedures with the SEC, and has expressed an interest in clarifying and evolving cryptocurrency- and digital asset-related regulations, the current agenda proposed by the Securities and Exchange Commission lacks indication that this is going to happen, anytime soon.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating