SEC ‘Playing Regulatory Jenga’: Commissioner Crenshaw Slams Agency’s New Cryp...
The sole Democratic Commissioner at the US Securities and Exchange Commission (SEC), Caroline Crenshaw, recently criticized the agency’s new regulatory approach toward cryptocurrencies, warning that the watchdog is playing a “dangerous” game. Related Reading: Trump’s Crypto Partners Accused Of Abandoning Investors From Hacked DeFi Project Crypto Regulation’s Jenga Tower In her remarks at the SEC […]
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Commissioner Caroline Crenshaw wants DeFi projects to cooperate with the SEC in order to find solutions for compliance with existing regulations. SEC Commissioner Caroline Crenshaw has highlighted the benefits of Decentralized Finance while warning of the dangers of failing to embrace a protective regulatory framework in a Nov. 9 opinion piece.The article, DeFi Risks, Regulations, and Opportunities, is the first in the inaugural issue of “The International Journal of Blockchain Law.” In it, Crenshaw outlines her belief that the DeFi community must address issues with transparency and....
Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans. Caroline Crenshaw, a commissioner at the U.S. Securities and Exchange Commission (SEC) has said the “safe harbor” proposal would have exacerbated the problems seen during the initial coin offering (ICO) boom of 2017 and 2018. Crenshaw made the remarks during the annual “SEC Speaks” event this month, and posted her speech to the SEC website on Oct. 12. The Commissioner argues that the impact on investors and markets would....
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner Hester Peirce criticized her own agency Monday after it announced an enforcement action against cryptocurrency exchange Poloniex. She noted that the SEC’s action against the exchange “doubles down on the Commission’s enforcement-centric approach to crypto.” The securities....
The U.S. Senate has already confirmed the nomination of Allison Lee's replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027. Allison Herren Lee, one of five members of the United States Securities and Exchange Commission’s board, has officially left the regulatory body after more than three years as a commissioner.In a Friday announcement, chair Gary Gensler and commissioners Hester Peirce, Mark Uyeda, and Caroline Crenshaw said Lee had left the SEC, where in 2005 she started as a staff attorney at the agency’s enforcement division at a regional office in Denver. She....
Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednesday. United States Securities and Exchange (SEC) commissioner Hester Peirce said the newly released SEC Agency Rule List is full of “hot-button” topics implemented in an unreasonable hurry, while crypto was ignored.Commissioner Peirce, who is sometimes referred to as Crypto Mom for her strong positive views on cryptocurrency, released a statement concerning the SEC Spring 2022 Regulatory Agenda and the SEC Agency Rule List.Though....