US SEC Commissioner: "Sustainable Regulation Should Be Established Through SEC Rulemaking and Legislation"
Summary
- SEC Commissioner Hester Peirce emphasized the need for a sustainable regulatory framework for virtual assets.
- She stated that "official SEC rulemaking and legislation by the U.S. Congress can provide durability to digital asset regulation."
- Commissioner Peirce conveyed the need for clear criteria on SEC jurisdiction and conditions for legal business progression.
Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), emphasized the need to establish a sustainable regulatory framework for virtual assets (cryptocurrencies).
On the 26th (local time), Peirce stated at the DC Blockchain Summit that "official SEC rulemaking and legislation by the U.S. Congress can provide 'durability' to digital asset regulation."
She also pointed out regarding the criteria for determining the security nature of assets, "People should not cling to the Howey test. Legal advice is necessary, but it should not be the core criterion for deciding what you create." She continued, "There needs to be clear criteria for what falls under SEC jurisdiction, and if it does, it should be clear how to conduct business legally."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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