Securities are “written to be dynamic,” a senior official at the securities regulator claimed in a recent panel at on May 13.
Amy Starr, chief of the office of capital markets trends at the U.S. Securities and Exchange Commission (), expressed the regulator’s willingness to interact with local crypto and -related businesses in order to gain a better understanding of how securities laws can be applied in various cases.
Speaking at a titled “Perspectives on engagement concerning digital assets,” Starr noted a high level of integration with the crypto industry and the , particularly citing the engagement via the ’s , as well as a number of peer-to-peer meetings conducted by the ’s “Crypto Czar” .
The official stated that an active engagement with the regulator is the only way to facilitate a change in securities laws regarding crypto markets. She said:
“The more interaction, and willingness that people want to engage with us, the happier we are because we want this to work. We want there to be innovation in these markets. We want there to be change.”
During the panel, Starr also expressed her stance on the recent to startup TurnKey Jet, which allowed the firm to issue TKJ for the purpose of paying for a private jet charter, since the were not considered to be securities. In particular, the official noted that the decision by the fell “on one end of the spectrum” of similar cases in terms of both the decision and the speed at which it was reached.
Following the ’s panel, Commissioner Hester “Crypto Mom” Peirce delivered a devoted to the future of . In her speech, Peirce encouraged internal between crypto actors, claiming that “testing each other is really .” While still noting that the will be able to detect certain malpractice actions on the market, Peirce suggested that people in crypto should “ one another,” adding that a “lot of can happen without a government regulator.”
Previously, the was for being the biggest regulatory obstacle preventing the crypto markets from growing. In January, CEO and co-founder of -backed crypto finance company claimed that the was lacking clarity over how to define various crypto assets.
Recently, U.S. Advisor for Digital Assets and Innovation Valerie Szczepanik that platforms seeking to list initial exchange offering for a fee could face a regulatory problem.
Published at Wed, 15 May 2019 07:27:48 +0000
