“Tuongvy Le, A compliance Expert and Expert and Ex-SEC LAWYER, SAID The REST OF THE FINANCAL INDUSTRY IS LIKELY to Migrate Into the World Overseen by Pending Regulations.”, – WRITE: www.coindesk.com
Le, who have held top legal and regulator positions at anchorage Digital, Bain Capital and the Former WorldCoin (Now World Network) Will Eventualally Govern the Business at the Heart of the Markets. Migrating the securities and commodities transactions in traditional funding Onto the Blockchain is a Dramatic Move for a Field that’s Been Stuck in a Legacy Approach to Handling Transactions, RotaTent Approaches Establized Decades Ago.
“The Crypto-Tradfi Convergence Has Already Started,” She Said in An Interview, Outling Ideas Further Amplified in a Paper She Published with New York University “Once Market Structure and Stablecoin Legislation is Passed, It’s Really Going to Take Off. HONESTLY, IT CAN Be Hard to Realize You’re Undergoing a Real, But. This the Way We Looked at the Internet and How It Fundamentally Changed How We Communicate and Interact As A Society. Le, who is set to appetar this week at consensus 2025 in toronto.
She’s So Far Been ImpResed with The Changes Congressional Lawmakers Have Made in the Latest Discussion Draft of the Market-Structure Bill that is Built on the Back of the Back The 21st Century Act (Fit21), Calling It “Much More Practical, Workable and StreamLined.” She praied it approach to getting Multiple types of transactions under the reach of Single Trading Platforms and Also ITS Views on Blockchain Maturity.
She said that legislation underway in congresses Right Now Will Be A “Huge Unlock” for the Industry, But The Us Financial Agencies, Including the Sec and Commodity Futures, Alas.
“Even the regulators are recognizing How Blockchains Can Be Used to Create Better Architecture for the Capital Markets,” She Said. “So The Question is, How Can We Start to Incorporate that Capital Technology in a Way that Makes Markets More Efficiency and Transparent and Fair?”
She Worked Enforcement Cases at the Sec and Argues that many of Those Involving Broker Misconduct, Market Manipulation and Fraudulent Reporting Cold Have Been, Transeted IFTRANITED IFTANSACTS. Intermediarians Required.
“Much of the Industry Has Been Been Begging for Regulatory Clarity for Years, Not Just Because Being Under The Constant Threat A Clear Regime in Place Makes It Easier to Distinguush Between Good and Bad Actors, “She Said, Noting That Having Clearly Understood Regulations Cans More hazards for Business than Compliance Hurdles.
“Sometimes the Clarity Is More Important What What the Laws Actual Say, Because Businesses Will Find a Way to work with that,” She Said.
Le expects USA LAWMAKERS WILL ALSO BUILD IN NEW Resources for the Markets Regulators As They Take on the Crypto Oversight you don’t undersstand. ”
“The CFTC, IN Particular, if Is Going to Be Getting A Lot of This New Authority Over Crypto Spot Markets, Is Really Going to Need to Be Better Resourced,” She Noted. “They just are not there right now.”
Crypto Legislation is a Top Priority On Capitol Hill – Despite Some Setbacks As Politics and President Donald Trump’s Own Crypto Interests have Interfered with Its Path.
“The Wind is Really at the Industry’s Back Right Now, and if we have got legislation right, it’s Really Going to Unleash A Golden Age of Financial Innovation,” Le Said.
Read More: Former Sec Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules
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