SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News
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The Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently called for a “consistent legal framework” for all asset classes, including cryptocurrencies, during a virtual event hosted by the Peterson Institute for International Economics.
Peirce, who is also known as “Crypto Mom” for her pro-crypto stance, said that the U.S. should provide a consistent legal framework for all asset classes. She noted that the current legal framework is “inconsistent” and “unclear”, which has led to confusion in the industry.
Peirce also highlighted the importance of providing clarity to the crypto industry, saying that it is “critical” for the U.S. to provide a consistent legal framework that “would allow the industry to develop and innovate”.
The commissioner also highlighted the importance of providing clarity to the crypto industry, saying that it is “critical” for the U.S. to provide a consistent legal framework that “would allow the industry to develop and innovate”.
Peirce noted that the SEC has taken a “flexible” approach to the regulation of digital assets, but she argued that the agency needs to provide more clarity and consistency. She added that the SEC should provide “clear guidance” to the industry on the scope of its authority and the types of activities it will regulate.
The SEC commissioner also noted that the agency should provide “clear guidance” on the types of activities it will not regulate, such as decentralized networks and non-financial activities. She also called for the agency to provide guidance on how to comply with existing laws and regulations.
Overall, Peirce’s comments demonstrate the SEC’s commitment to providing clarity and consistency to the crypto industry. The agency’s efforts to provide a consistent legal framework will help to foster innovation in the industry and create a more conducive environment for businesses to operate in.
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