SEC's Hester Peirce still plans to push for a token 'safe harbor' plan
The work of creating crypto- and investor-friendly legal frameworks in the United States continues. Thankfully for the web3 community, they have friends in…
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The work of creating crypto- and investor-friendly legal frameworks in the United States continues. Thankfully for the web3 community, they have friends in…
Approval of spot bitcoin exchange-traded funds may necessitate the release of a third iteration of the Token Safe Harbor Proposal, Hester Pierce, a…
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. Hello and welcome back to the fourth edition of the new and improved TechCrunch Crypto newsletter. You probably know the deal already, but alongside our regularly scheduled news bits, I’ve added some recurring segments and features -- so if you like what you see (or don’t), let me know at jacquelyn@techcrunch.com.
It’s been almost three years since Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC) released her updated Token Safe Harbor Proposal 2.0 -- but she isn’t giving up. “There’s room for something to address the legitimate concerns that crypto-skeptics have, while addressing the legitimate concerns of innovators,” Peirce added. The proposal’s previous versions aimed to “answer the question a lot of people had,” surrounding the issuance of tokens, Peirce said.
<p><span>The topic of today’s event is “regulating the new crypto ecosystem.” It is a hot topic of conversation in Washington, DC. The conversation reminds me of a book for toddlers, </span><span>Are You My Mother?</span><span> In that book, a newly hatched bird searches for his mother. He asks a cat, dog, hen, cow, and front-end loader, each of which disappoints the baby bird with the news that it is not the baby bird’s Mom. Rest assured, baby bird and his actual mother are finally reunited. The cryp...