The SEC’s Commissioner Hester Peirce is asking the public to weigh in on how to create clearer rules for the crypto industry. She heads the SEC’s new Crypto Task Force and believes public feedback is crucial.
What the SEC Wants to Know
The Task Force is tackling some big questions, including:
- What is a security? Defining which crypto assets are securities is a major hurdle.
- Crypto offerings and trading: How should initial coin offerings (ICOs) and secondary market trading of crypto be regulated?
- Custody: How should crypto custody be handled to protect investors?
- Crypto lending: What rules should govern crypto lending platforms?
- Exchange-traded products (ETPs): How should the SEC handle applications for crypto ETPs?
- Tokenized securities: How should securities issued as tokens be regulated?
- Safe harbor: Should there be a temporary “safe harbor” for certain crypto projects to allow them to develop without immediate regulatory scrutiny?
- SEC Jurisdiction: What types of cryptocurrencies and transactions are outside the SEC’s control?
- Micro-innovation sandbox: Should a sandbox be created for smaller crypto projects to experiment?
How to Share Your Opinion
The SEC wants to hear from you! You can submit written comments through a form on the SEC website. You can also request a meeting to discuss your thoughts. The goal is to build a regulatory framework that works for everyone.
Disclaimer: This information is for educational purposes only and is not financial advice. Investing in crypto is risky, so always do your research before investing./p>
