SEC's stance on crypto under scrutiny: from crackdown to spotlight.
TL;DR
David Hirsch, the crypto unit chief within the SEC's enforcement division, defended the regulator's latest crypto enforcement tactics at a conference run by the Digital Assets Council of Financial Professionals. Hirsch cited the Howey test in making classifications and said the SEC is not trying to drive the industry outside of the US. He also acknowledged that the SEC could approve a spot bitcoin ETF if it established an adequate system of surveillance comparable to trading on a registered exchange.
Topics:businesscryptocurrency-regulation#binance#bitcoin-etf#coinbase#crypto-enforcement#cryptocurrency-regulation#sec
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- Former SEC chair Jay Clayton feels 'vast majority' of crypto tokens are securities TechCrunch
- Rep. Brad Sherman 'hopes' SEC crackdown ends crypto in U.S. CoinJournal
- SEC should let cryptocurrencies burn instead of risking inadvertently endorsing them Daily Maverick
- Gary Gensler’s crypto playbook: Steal the spotlight from Congress, and shine it on the SEC Fortune
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