Bankless SEC's Crypto Task Force: A New Era for Regulation? | Hester Peirce
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Feb 17, 2025 Hester Peirce, known as 'Crypto Mom' and SEC Commissioner, dives into her pivotal role leading the SEC's Crypto Task Force. She reveals how the repeal of SAB 121 aims to enhance clarity on token issuances and shares insights on fostering SEC-CFTC collaboration. The discussion covers no-action letters as a regulatory tool, the classification of tokens as securities, and the importance of a supportive regulatory framework that promotes innovation without stifling the crypto sector. Tune in for an enlightening perspective on the future of crypto regulation!
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Engaging with the SEC
- Entities issuing tokens should monitor the SEC website and sign up for email alerts.
- They can also communicate with the SEC via email (crypto@sec.gov) or meetings, providing a clear plan for discussion.
SEC's New Approach
- The SEC aims to foster a collaborative, rather than antagonistic, relationship with crypto projects.
- They encourage open communication and seek practical solutions that align with securities laws while fostering innovation.
SEC-CFTC Collaboration
- The SEC intends to collaborate with the CFTC, aiming for clearer jurisdictional boundaries between securities and commodities.
- Peirce expresses optimism about working together, drawing on her experience with past inter-agency collaborations.