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Forward Guidance

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

Sep 20, 2023
31:18
Snipd AI
SEC Commissioner Hester Peirce discusses crypto regulation, SEC's role in ensuring transparency, proposed changes in exchange definition, concerns over alleged 'lawlessness', SPACs regulations, and proposed reforms in money market funds.
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Podcast summary created with Snipd AI

Quick takeaways

  • The SEC commissioner acknowledges the need for earlier guidance and conversations with industry players in shaping effective regulations for the crypto industry.
  • Commissioner Peirce emphasizes the importance of a legally precise approach to determine if a token qualifies as a security, highlighting the need for clarity and guidance in compliant token offerings.

Deep dives

SEC's Active Role in Financial Regulation

The podcast episode features an interview with SEC Commissioner Purse, who discusses the active regulatory agenda of the SEC and its potential impact on the financial sector. The commissioner acknowledges the high level of rule-making activity and the significant changes in the market that may occur if all proposed rules are adopted. The commissioner highlights the importance of providing guidance earlier and engaging in conversations with industry players to shape effective regulations.

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