The US Securities and Stock Exchange Committee may turn towards a more based position on digital assets. In its first encryption at all The round table work In Washington, DC, the higher legal minds, politics experts and those familiar with the industry discussed how the agency should define and organize encryption forward.
This event comes amid major changes to the Supreme Education Council, including the departure of former President Gary Ginsner and a new administration that seems more open to reform. Mark Oida, the head of acting, has appointed the delegated Hester Peres, known for her long -standing purity, to lead the newly formed work band.
Pierce described the assembly as the beginning of a
Restricting the committee’s approach to the regulation of encryption.
This shift was echoed by A16z Crypto Miles Jennss, who has not retracted his criticism of the previous efforts. Jennings said, noting a failure to protect investors, capital formation, and market efficiency.
I don’t think anyone can argue with the credibility that the recent management approach has completed any of the SEC goals. Obviously, the current approach is a failure and we have to do what is better.
Restructuring what is considered security
One of the central questions discussed is what is already security in the context of encryption. Rodrigo Sera, Cooley LLP special advisor, argued that just an intention to invest does not make the deal a deal for securities. It is similar to buying distinctive symbols to buy artwork – partially driven by appreciation capabilities, but it is not inherently subject to the stock law.
Not everyone agreed. John Reed Stark, a long -term critic for encryption, insisted that most buyers work as investors and need organizational protection. However, even Stark admitted that laws can be improved to reflect the unique nature of digital assets.
With PEIRCE now leading the business squad and more industry sounds that are brought to the barn, SEC may finally exceed heavy tactics. Whether this results in clearer guidance or new legislation still to be seen – but the agency’s tone has already started to change.
