Pierce said that from the moment she headed the SEC targeted working group to create transparent regulation of crypto -industry, more than a hundred meetings with the leaders of the crypto industry were headed.
The total agenda of the meetings was focused on the study of the issue of what digital assets to be considered securities, and which are not. For example, tokenized shares, according to her, should be regulated as securities, while memcoirs, such as Trump, will most likely remain outside the jurisdiction of the department.
The Pierce noted that the SEC still adheres to the rule that “freedom of access does not imply freedom from the consequences of the proposal of the sale of tokens to American investors.”
“Our goal is to create a set of rules that will allow people to carry out ICO and Eirrodes in such a way that they understand how this should comply with the laws on securities,” Pierce said.
She added that in this matter she agrees with the recent comments of the Chairman of the SEC Paul Atkins, who said: “In my opinion, there are very few tokens that are securities, but it all depends on which packaging they are represented and how they are sold.”
“The concept of“ security ”is very wide. We often think only about promotions and bonds, but there are also investment contracts in which you can wrap anything. Now we are working on how to determine whether the sale of tokens is accompanied by an investment proposal and how long the obligations of the seller of token to buyers should operate, ”Pierce said.
Esther Pierce previously said that open source software developers should not be responsible for the illegal use of the services they created.
Source: Bits
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