Network Maturity News Today

Background: Crypto Catch 22 - Followers of the SEC’s efforts to regulate digital tokens will recall former SEC Corp Fin Director William Hinman’s speech at the June 14,...

To print this article, all you need is to be registered or login on Mondaq.com. SEC Commissioner Hester M. Peirce proposed an updated version of her proposal for a three-year safe harbor from the application of securities laws, aside from anti-fraud requirements, on the sale and trading of digital tokens. As previously covered, Ms. Peirce proposed the following conditions for a token to benefit from the exemption: the token does not represent a financial interest in a...

SEC Commissioner Peirce Pitches Token Safe Harbor Proposal Version 2.0 SEC Commissioner Token Safe Habor proposal. Back in February 2020, Commissioner Peirce revealed her proposal in an effort to create a regulatory environment that supported Fintech innovation while acknowledging the unique characteristics of digital assets. Since the emergence of crypto-assets, the SEC has struggled to manage the new asset class that may have characteristics of a security while also having a utility quality....