tl;dr
SEC Commissioner Hester Peirce is seeking public input to establish clear rules for the crypto industry. She leads the SEC's newly formed Crypto Task Force, focusing on issues like security status, public offerings, custody, and secondary market trading of crypto assets. The task force also aims to ...
SEC Commissioner Hester Peirce is seeking public input to establish clear rules for the crypto industry. She leads the SEC's newly formed Crypto Task Force, focusing on issues like security status, public offerings, custody, and secondary market trading of crypto assets. The task force also aims to address crypto lending, listing applications for crypto exchange-traded products, tokenized securities, and a proposed safe harbor policy. Additionally, they seek to identify cryptocurrencies and transactions beyond the SEC's jurisdiction and are considering a micro-innovation sandbox. The SEC invites public feedback via written submissions and meeting requests on their website.
The U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce says that the public’s input is necessary to bring greater crypto clarity. In a statement, the longest-serving commissioner on the board asks for public feedback on key areas that can establish clear rules of the road for the crypto industry. Peirce, who leads the SEC’s newly formed Crypto Task Force, says the team is currently working on questions related to the security status, public offerings, custody and secondary market trading of crypto assets. She says the task force also aims to resolve issues on crypto lending, listing applications for crypto exchange-traded products (ETPs), tokenized securities and the proposed safe harbor policy that will exempt digital assets from the Securities Act’s registration requirements for a limited time during the development of the project.
The task force is likewise identifying the categories of cryptocurrencies and transactions that are beyond the jurisdiction of the SEC as well as accepting inputs on a proposal to create a micro-innovation sandbox for small-scale projects. Peirce says the SEC is looking for public feedback on the issues to assist the task force in establishing a clear regulatory framework for crypto. “Members of the public interested in providing input on these or other related matters may do so using the written submission form for input to the Crypto Task Force on the Commission’s website. Members of the public also may request a meeting to discuss their feedback on these and other related matters via the meeting request form on the Commission’s website.”