Brandon Veric, General Adviser to Duru Labz, said that the opening of the Securities and Stock Exchange Committee (SEC) to public inputs on the encryption policy and its round table discussions are positive signs that the encryption industry is not currently witnessing organizational capacity.
In an interview with cointelegraph, Ferrick has identified signs of regulatory capture including, a roundabout of employees from the public to the private sector, the same list of those present in organizational events, and the special treatment granted to some encryption projects. However, Veric added:
“The reason I am not worried today is that much of what you see from the organizational side, such as SEC, for example, completely open, general, and there are opportunities to hold talks with organizers about changing or thinking of organizational structures.”
“[The SEC] It has a general gateway where you can only provide a written comment on your ideas for the regulatory environment for encryption, and you can schedule meetings with them, ”the lawyer continued.
Since the encryption industry becomes more integrated with the traditional financial system and the involvement of state organizers, some analysts and executives are anxiety The industry is witnessing an organizational capture that would distort incentives and politicize the prosperous encryption sector.
Related to: SEC staff provides instructions on how securities laws are applied to encryption
SEC hosts several round table discussions on the encryption policy
The Securities and Stock Exchange Authority hosted many discussions and tables for the repercussion for encryption, with more in the coming months-a sharp contrast to the agency’s organization’s approach separately during the era of former SEC Council Chairman Gary Ginsler.
On March 21, the organizational agency hosted the first round of encryption table, which included executives in the encryption industry, SEC officials, and even the coding opponents.
Former SEC official, John Reed Stark, was strongly criticizing this industry and a comprehensive organizational reform opposition, on the pretext that digital assets should comply with the current securities laws.
On April 11, the round table focused on trading rules and included a different group of committee members, including representatives from UISWAP and Coinbase.
The following SEC committee will happen on April 25 and focus on creating guidelines for encryption guardians and other companies that maintain coding on behalf of customers.
magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
Related Articles
