“In the list of priorities of the target group from cryptocurrencies in SEC – to decide which assets are not securities, and to create a clear procedure for registering new tokens. This was reported by the commissioner Hester Pierce, who headed the structure. The group plans to identify directions that do not fall under the jurisdiction of the commission, and to review the approach to token proposals. Specialists also intend to recommend SEC to provide “temporary perspective and retrospective release from liability” for release […]”, – WRITE: Businessua.com.ua
In the list of target group of cryptocurrencies in Sec – to decide which assets are not securities, and to create a clear procedure for registering new tokens. About This was reported by the commissar of Hester Pierce, who headed the structure.
The group plans to identify directions that do not fall under the jurisdiction of the commission, and to review the approach to token proposals.
Experts also intend to recommend the SEC for providing a “temporary perspective and retrospective release from liability” for the issue of token, provided that the issuer assumes responsibility and provides adequate information. The group will consider opened by SEC Geri Gensler’s court court cases against crypto companies.
Pierce emphasized that they were ready to cooperate with other government agencies, as well as with a cryptoculture and industry.
“We invite developers, enthusiasts and skeptics to cooperate to find out what the final rules should be and what intermediate steps will help stimulate innovations,” the commissioner said.
Representatives of the crypto industry close to the SEC target group include the former Coin Center Landon Zinda Center director. He was appointed as a senior advisor.
At the same time, the commission is reducing the law enforcement department in the crypto industry. It was composed of more than 50 employees. Some of them will be redistributed to other departments of agencies.
According to The New York Times, one of the leading lawyers of the department is indicated among the translations. The source got acquainted with the decision of the source.
The initiation of formal investigations by SEC specialists is now allowed only after approval by “politically appointed management”. Without permission, they will not be able to demand from the accountable companies to provide evidence or documents.
Informal investigations remain possible, but officials are limited in such conditions. One of the tools they accessible is optional info.
Recall that in January the Sloun Management School at Mit announced the return of the former head of the Gensler commission as a professor.
The gun