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TL;DR
SEC Commissioner Hester M. Peirce has simply taken a tough stance towards SEC Chair, Gary Gensler’s strategy to crypto regulation, penning an announcement on the SEC’s web site.
Hester comes out swinging, with the next: “Stagnation, centralization, expatriation, and extinction are the watchwords of this launch.”
“Quite than embracing the promise of latest expertise as we’ve got executed up to now, right here we suggest to embrace stagnation…Accordingly, I dissent.“
We kinda desire a t-shirt along with her face on it…is that loopy? (Or ought to we do that??)
Full Story
Have you ever ever learn articles from us that oppose SEC Chair, Gary Gensler’s strategy to crypto regulation and thought:
“Okay, truthful level. However in fact you are not going to love heavy handed crypto regulation. You are a Web3 publication…”
what, that little voice ain’t mistaken!
Not solely are we more likely to be biased, based mostly on what we do – but additionally: we’re not regulatory/compliance attorneys.
All of this regulation discuss from Gary appears heavy handed, however we do not have the context {of professional} expertise.
However you recognize who does? SEC Commissioner Hester M. Peirce.
In case you’re searching for a stable excuse to strengthen your opposition to Gary’s Gensler’s opaque methodology of regulation – Hester’s obtained your again.
You see, she’s simply taken a tough stance towards Gary’s strategy, penning an announcement on the SEC’s web site, titled:
“Rendering Innovation Kaput: Assertion on Amending the Definition of Trade.”
Hester comes out swinging, with the next:
“Stagnation, centralization, expatriation, and extinction are the watchwords of this launch. Quite than embracing the promise of latest expertise as we’ve got executed up to now, right here we suggest to embrace stagnation, power centralization, urge expatriation, and welcome extinction of latest expertise. Accordingly, I dissent.”
The assertion got here in response to Gary’s new objective of fixing the definition of securities exchanges (aka inventory exchanges), to incorporate crypto.
(Lengthy story longer: if crypto had been to be handled the identical as securities, it might crush the trade within the US).
The takeaway:
Hester is aware of what she’s speaking about and is driving dissent towards heavy handed crypto regulation, from throughout the SEC.
We kinda desire a t-shirt along with her face on it…is that loopy?
(Or ought to we do that??)
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