Summary
- Miles Jennings, head of policy at a16z, reported that the SEC's virtual asset enforcement regulatory approach negatively impacted investor protection, capital formation, and efficient markets.
- Jennings strongly criticized that this SEC's regulatory approach was not effective at all and failed.
- At the SEC's first virtual asset task force roundtable, discussions were held on the issues of the regulatory approach under the theme 'What is a Security?'.
On the 21st (local time), according to the virtual asset (cryptocurrency) specialized media The Block, Miles Jennings, the head of policy and legal counsel at a16z, attended the first virtual asset task force (TF) roundtable of the U.S. Securities and Exchange Commission (SEC) and stated, "No one would think that the enforcement-based regulatory approach of the previous administration achieved the SEC's goals," adding, "This approach did not lead to investor protection, capital formation, or efficient markets."
He emphasized, "It was not effective at all and failed."
The meeting was held under the theme 'What is a Security?' and featured panels of securities lawyers, analysts, and others who shared their views on regulation through enforcement over the past few years.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
