The first meeting of the SEC target group took place last Friday in Washington. It was attended by lawyers specializing in cryptocurrencies. The main topic of discussion was the question: should tokens be considered securities? Miles Jennings (Miles Jennings) criticized the previous approach of the department to digital assets, saying that the court persecution of crypto companies did not help protect the investors.
The next round table called “Between the Block and the Personnel: The regulation of cryptocurrency trading” is scheduled for April 11. At the meeting on April 25, the regulator will discuss with experts and participants in the industry the storage of cryptocurrencies, May 12 – issues related to the tokenization of assets, and June 6 – decentralized finances. All events will be held in Washington and will be broadcast live.
The Commissioner SEC Esther Peirce called the upcoming discussions to the “spring sprint” to make clayttes regulation. For the department, this is an opportunity to hear the opinion of the interested parties about the problems of regulation of the industry, and think about what exactly the SEC can do to solve them.
Last week, the department clarified its position in relation to mining on Proof-off -work (POW)-mining activities do not fall under the laws of securities, since it does not require entrepreneurial efforts to make a profit. Earlier, the regulator said that memcoirs are not considered securities, since these tokens are bought mainly for entertainment.
Source: Bits
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