• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Proposal for Joint Regulatory Sandbox by SEC Commissioner

user avatar

by Giorgi Kostiuk

a year ago


Proposal for Joint Regulatory Sandbox by SEC Commissioner

Hester Peirce, the U.S. SEC Commissioner affectionately known as "Crypto Mom" within the cryptocurrency community, has proposed the establishment of a collaborative regulatory sandbox for the U.S. and the UK. This proposal is designed to enable firms in these jurisdictions to engage in similar regulatory activities.

Peirce highlighted the efficacy of sandboxes in promoting innovation in sectors with stringent regulations. She noted that companies within sandboxes have a higher chance of attracting capital, especially disruptive entities. The commissioner emphasized the role of sandboxes in enhancing the efficiency of cryptocurrency regulation and suggested an information-sharing arrangement between the U.S. and the UK to improve oversight of crypto market activities.

Moreover, Peirce underscored the advantages of such initiatives for consumers and investors, as sandboxes provide avenues for accessing innovative products and services. She clarified that her proposal is reflective of her personal views and may not align with the perspectives of her fellow commissioners.

Peirce expressed optimism about collaborating with peers in the U.S. and the UK to implement the joint regulatory sandbox concept. She consistently advocated for the swift establishment of a coherent regulatory framework in the U.S. In March, she criticized the SEC for its enforcement-oriented approach following a series of high-profile cases involving major players in the crypto industry. Earlier, Peirce faulted the SEC for its lack of consultation with the crypto sector prior to taking legal actions against Kraken regarding crypto staking.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Healthcare Industry Faces Ongoing Cybersecurity Challenges

chest

The recent data breaches in healthcare highlight significant risks and the need for improved data protection strategies.

user avatarElias Mukuru

Risks and Rewards of Bitcoin Miners Transitioning to AI

chest

Risks and rewards of Bitcoin miners transitioning to AI involve stable revenues but also potential industry bubbles and revenue instability.

user avatarEmily Carter

Valuation Models for Bitcoin Miners Adjusted Amid AI Demand

chest

Bitcoin miners are experiencing a recalibration in their market valuations, aligning more closely with high-performance computing entities.

user avatarTomas Novak

NFT Market Momentum Boosts PENGU Token

chest

The Pudgy Penguins NFT ecosystem is driving interest in the PENGU token, with significant sales growth and community engagement.

user avatarKaterina Papadopoulou

Jane Street's Major Investments Boost Bitcoin Mining Stocks

chest

Jane Street's substantial investments in Bitcoin mining firms lead to stock rallies and increased institutional interest.

user avatarMaya Lundqvist

Revolut Invests Over 1 Billion Euros to Expand in France

chest

Revolut has announced a major investment plan, committing over 1 billion euros over the next three years to expand its workforce and apply for a full banking license in France.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.