SEC Commissioner Peirce Pitches Token Safe Harbor Proposal Version 2.0
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. In the end, the Commission has defaulted to the decades-old Howey Test to regulate crypto and, at t...
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