Sunday, February 5, 2023
DiffrintCrypto.com
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Market & Analysis
  • ICO
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin
DiffrintCrypto.com
No Result
View All Result
Home Cryptocurrency

Commissioner Hester Peirce calls for SEC rule on cryptocurrency

diffrint by diffrint
January 24, 2023
in Cryptocurrency
0
Commissioner Hester Peirce calls for SEC rule on cryptocurrency
189
SHARES
1.5k
VIEWS
Share on Facebook


SEC Commissioner Hester M. Peirce mentioned the SEC ought to regulate digital property by way of rule-making, asserting it will present extra regulatory readability for the cryptocurrency business.

“If we continued with our regulation-by-enforcement method at our present tempo, we might method 400 years earlier than we obtained by way of the tokens which might be allegedly securities,” Ms. Peirce mentioned Jan. 20 on the Digital Property at Duke convention, hosted by Duke University. “Against this, an SEC rule would have common — albeit not retroactive — protection as quickly because it took impact.”

Congress has but to succeed in an settlement on the best way to regulate the cryptocurrency business, although a number of crypto regulation payments had been launched final session. Now {that a} new Congress is in session, these payments will have to be reintroduced. One invoice launched in August, the Digital Commodities Consumer Protection Act, would give the Commodity Futures Buying and selling Fee the authority to manage the buying and selling of digital commodities.

If the SEC did pursue rule-making for digital property, Ms. Peirce famous, “we must admit that we possible want extra, or not less than extra clearly delineated, statutory authority to manage sure crypto tokens and to require crypto buying and selling platforms to register with us. And Congress may determine to present that authority to another person.”

Nevertheless, she argued that the SEC may “do the job nicely,” particularly in relation to creating federal disclosure guidelines for tokens and serving as a federal regulator for buying and selling platforms.

Ms. Peirce additionally mentioned “the CFTC’s retail expertise is extra restricted than the SEC’s,” however reiterated that Congress holds the facility to determine who has regulatory authority over digital property.

For the reason that collapse of FTX, many lawmakers have voiced their issues in regards to the crypto business.

“My concern is that we’ll view Sam Bankman-Fried as only one huge snake in a crypto Backyard of Eden. The actual fact is crypto is a backyard of snakes,” mentioned Rep. Brad Sherman, D-Calif., in a House Financial Services Committee hearing final month.

Nevertheless, Ms. Peirce mentioned, “we should always keep in mind that new applied sciences typically take a very long time to seek out their footing,” and the way forward for the crypto business will rely upon what the markets must say.

“The SEC’s job is to not predict innovation or to handle it, however to set out a framework inside which individuals can use their ingenuity to set the course for his or her and their youngsters’s future,” she mentioned.



Source link

Related articles

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune

February 5, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Billionaire Michael Saylor Responds to Charlie Munger's Criticism of Bitcoin – This is What He Said – Cryptonews

February 4, 2023
Tags: callsCommissionerCryptocurrencyHesterPeirceruleSEC
Share76

Related Posts

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune

by diffrint
February 5, 2023
0

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and...

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Billionaire Michael Saylor Responds to Charlie Munger's Criticism of Bitcoin – This is What He Said – Cryptonews

by diffrint
February 4, 2023
0

Billionaire Michael Saylor Responds to Charlie Munger's Criticism of Bitcoin – This is What He Said  Cryptonews Source link

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Correction: Miner Orb Introduces a New, Secure Way of Purchasing Cryptocurrency Mining Hardware. – Yahoo Finance

by diffrint
February 4, 2023
0

Correction: Miner Orb Introduces a New, Secure Way of Purchasing Cryptocurrency Mining Hardware.  Yahoo Finance Source link

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Yahoo Finance

by diffrint
February 4, 2023
0

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and...

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cryptocurrency roundup for February 3: Kraken Shuts Abu Dhabi office, Berkshire Hathaway VC slams… – Moneycontrol

by diffrint
February 3, 2023
0

Cryptocurrency roundup for February 3: Kraken Shuts Abu Dhabi office, Berkshire Hathaway VC slams...  Moneycontrol Source link

Load More
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Cryptocurrency mine prospects for rural site in Bulloch County

Cryptocurrency mine prospects for rural site in Bulloch County

July 16, 2022
Guelph man loses nearly $100,000 in cryptocurrency scam: police – Guelph

Guelph man loses nearly $100,000 in cryptocurrency scam: police – Guelph

December 30, 2021
Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups

Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups

January 25, 2022
Wells Fargo, HSBC to use blockchain for interbank foreign exchange settlement

Wells Fargo, HSBC to use blockchain for interbank foreign exchange settlement

December 19, 2021
Regulators and industry join to fight ransomware

Regulators and industry join to fight ransomware

0
Crypto scoring big with European football – Cointelegraph Magazine

Crypto scoring big with European football – Cointelegraph Magazine

0
CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

0
This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple’s XRP – Globalstar (GSAT)

This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple’s XRP – Globalstar (GSAT)

0
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

If You Had $1000 Right Now, Would You Buy Shiba Inu, Dogecoin, Ethereum Classic Or Bitcoin Cash? – Benzinga

February 5, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says 'We Don't Want to Make the Crisis Worse … – Bitcoin News

February 5, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

The Litecoin Card is Now Available in the United States as Well as in the UK and 26 … – Latest Tweet by – LatestLY

February 5, 2023
5 biggest economic bubbles in history

5 biggest economic bubbles in history

February 5, 2023

Recent News

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

If You Had $1000 Right Now, Would You Buy Shiba Inu, Dogecoin, Ethereum Classic Or Bitcoin Cash? – Benzinga

February 5, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says 'We Don't Want to Make the Crisis Worse … – Bitcoin News

February 5, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

The Litecoin Card is Now Available in the United States as Well as in the UK and 26 … – Latest Tweet by – LatestLY

February 5, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

analysis big Binance Bitcoin Blockchain BNB BTC Buy Cardano Coin Cointelegraph Crypto cryptocurrencies Cryptocurrency Data Digital DOGE Dogecoin Elon ETH Ethereum Exchange Heres Inu Investors Latest Litecoin LTC Magazine Market million Mining News NFT NFTs price prices Ripple SEC Shiba Solana today Token Top XRP
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Market & Analysis
  • ICO
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin

© 2021 Diffrint Crypto All Rights Reserved