Over the past month and a half, the Security and Stock Exchange Committee (SEC) began moving from its “aggressive” and “excessive” organizational approach to a more welcome approach. Republican Commissioner Hyster Peres shared some new ideas about the organizational transformation of the US Agency and the next framework.
Cross regulations are not “Gotcha Game”
in interview With Fortune, the SEC Hester People, the new friendly approach to the organizational agency, led by a newly created encryption squad, discussed to develop a clear framework for digital assets.
Regarding the SEC decision to drop most of the ongoing encryption claims, the Republican Commissioner stressed that the organizational agency is “pivotal in relation to how we think if we have to use our enforcement tools and when it should be used.”
SEC’s recent shift witnessed that the committee be rejected or stopped many cases against the main encryption companies, including Binance, Coinbase and KAKEN, and documenting investigations that lasted years ago, such as Gemini, Robinhood and Yuga Labs, without taking any enforcement measures.
According to the report, Commissioner Pears looked at most of these claims “is too early”, but added that bad actors should not bear companies with an encryption sign “that will get a” free pass “, as the Supreme Education Council will continue” to follow “Mill violations”.
Moreover, I argued that the law “is not supposed to be a game of Gotcha” and “It is not logical to bring many courts to consider this case – a long time process – when we haven’t sent it to our side yet.”
SEC plan to implement it in part this year
The last SEC step follows the Trump administration’s efforts to stop “aggressive enforcement procedures”, remove “organizational transgression” on digital assets and enhance the growth of the encryption industry.
Pierce is said to oppose the presence of the “Mama government” to protect investors from “making bad choices.” She noted that people are losing money on many things, which makes SEC’s jurisdiction much larger under this standard.
If the SEC specialization standard has started if you can lose money to buy something, then our jurisdiction is enormous. But this is not the judicial mandate that Congress gave.
The formerly friendly commissioner for encryption stated that the organizational agency is working to “return to a path in which we really use our other tools to create a policy” instead of using enforcement cases as a way to create an organizational policy. “
“Some people have very bad scars of previous interactions with the Supreme Education Council,” the commissioner explained, noting that the time has come to retreat and reconsider things. Pears suggested that the organizational agency can get people’s inputs now after the encryption industry knows that they can speak to SEC employees.
According to the report, she emphasized that the Supreme Education Council will move forward while establishing its regulatory framework for encryption, despite waiting for Congress asserting the SEC SEC president appointed by Trump Paul Attins and market structure regulations.
Pears also stated that “cutting” the agency’s plan will be developed this year, including clarifying the security situation of digital assets. Last month, it pledged to create an organizational framework that protects investors and maintains the industry’s ability to innovate and grow.
The interview was closed by participating that clear encryption legislation was delayed long ago, “in the world of my dreams, we had obtained it five years agoI concluded.
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