{"id":125077,"date":"2020-12-03T05:12:21","date_gmt":"2020-12-03T02:12:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-rules-for-sec-could-follow-example-set-by-wyoming-says-hester-peirce\/"},"modified":"2020-12-03T05:12:21","modified_gmt":"2020-12-03T02:12:21","slug":"new-rules-for-sec-could-follow-example-set-by-wyoming-says-hester-peirce","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-rules-for-sec-could-follow-example-set-by-wyoming-says-hester-peirce\/","title":{"rendered":"# \u2018New rules\u2019 for SEC could follow example set by Wyoming, says Hester Peirce"},"content":{"rendered":"

“# \u2018New rules\u2019 for SEC could follow example set by Wyoming, says Hester Peirce <\/strong>”<\/p>\n

Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname \u201cCrypto Mom,\u201d says the regulator may not be able to get by if it simply incorporatesng digital assets into its existing regulatory framework.<\/p>\n

In an interview with Santander Bank Managing Director John Whelan for the ‘Ethereum in the Enterprise – Asia Pacific’ online conference today, Peirce said<\/a> the SEC could learn from other app<\/a>roaches on regulating crypto, specifically citing Wyoming as an \u201cextremely progressive\u201d regulator. The state\u2019s banking board approved charters for crypto firms like Avanti and Kraken in October.<\/p>\n

By contrast, at the federal level, Peirce said cryptocurrency and blockchain firms could \u201cspend a lot of money and a lot of time and a lot of grief\u201d waiting for a regulatory decision from the SEC without getting the results they want. Peirce said the commission\u2019s existing regulatory framework may not be able to accommodate such an innovative space. <\/p>\n

Hester Pierce at Ethereum in the Enterprise 2020<\/em><\/figcaption><\/figure>\n

\u201cI absolutely think we need new rules,\u201d said Peirce. \u201cOur securities laws are designed to be quite flexible to stand the test of time and I think they largely do.\u201d<\/p>\n

However, she added:<\/p>\n

\u201cI do think there are some issues that crypto raises that are not neatly solved by our existing securities laws. I would like to see a little more innovation on the regulatory side.\u201d<\/p><\/blockquote>\n

The SEC commissioner has previously said the regulatory body was \u201cvery slow in giving guidance\u201d despite a rapidly changing crypto landscape. She nevertheless encouraged firms to approach the commission, citing the SEC\u2019s rare issuance of a no-action letter for coin offerings. The SEC has issued three such letters stating it \u201cwill not recommend enforcement action\u201d against a platform issuing a digital currency.<\/p>\n

Peirce began her second term as SEC commissioner in August and will remain in the position until 2025.<\/p>\n<\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# \u2018New rules\u2019 for SEC could follow example set by Wyoming, says Hester Peirce ” Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname \u201cCrypto Mom,\u201d says the regulator may not be able to get by if it simply incorporatesng digital assets into its existing regulatory…<\/p>\n","protected":false},"author":1,"featured_media":125078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/48cc1b61-a86c-4cd5-b837-7ef2a8930bb6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,79786,74898,70934,67874],"class_list":["post-125077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-digital-asset","tag-sec","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/125077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=125077"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/125077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/125078"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=125077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=125077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=125077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}