Chia Network recently met with SEC representatives to discuss critical regulatory issues facing the cryptocurrency industry.
Meeting with SEC
On February 25, 2025, representatives from Chia Network, including CEO Gene Hoffman and Chief Legal Officer Thomas Chow, met with the U.S. Securities and Exchange Commission (SEC). Career Capital CEO Trent Martensen also attended the meeting. The primary focus of the meeting was to discuss cryptocurrency regulation and compliance pathways for blockchain projects.
Key Discussion Topics
The meeting covered several key topics: - Regulation of innovative financial products and the need for fair treatment of blockchain applications. - The necessity of clear decentralization criteria for regulatory decisions. - Token registration and pathways for ICOs, including updates to Regulation A to accommodate crypto assets. - Opposition to regulatory sandboxes that could lead to systemic risks. - Establishing mechanisms for compliance transition for previously non-compliant projects. - Inclusion of technical experts in the decision-making process.
Significance for Chia Network
The meeting underscores Chia Network's commitment to operating within regulatory frameworks. The company aims for an IPO and emphasizes its compliance-focused approach, unlike many crypto projects facing SEC scrutiny for unregistered securities offerings. The XCH price has increased by approximately 11% in the last 24 hours.
Chia Network is actively engaging in discussions about cryptocurrency regulation, aiming for fair and transparent policy regarding blockchain technologies. This strengthens the company's position as one equipped to operate within legal norms.
