13min chapter

Forward Guidance cover image

SEC Commissioner Hester Peirce on Regulation In Crypto, SPACs, and Money Market Funds

Forward Guidance

CHAPTER

SEC's Posture towards Crypto and Regulatory Actions

The chapter explores the SEC's perspective on crypto, focusing on enforcement rather than regulation. It discusses specific regulatory actions and proposals related to crypto, highlighting the importance of public input and deference to Congress. The chapter also addresses the challenges of applying the Howie test in the crypto space and the classification of tokens as securities in ICOs.

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