the planning The American stock exchange Supervisory authority, to work on their guidelines for the regulation of Bitcoin & co. The SEC Commissioner sionarin Hester M. Peirce said in a speech at the University of Missouri. Accordingly, the authority was considering regulations in the future. In addition, the SEC help to offer for applicants of new projects.
By Phillip Horch
11. To February 2019BTC$3.629,12 -0.27% part Facebook Twitter LinkedIn xing mail
a global adaptation of crypto currencies such as Bitcoin, Ripple and the likes, reach, needed it especially appropriate policies. The repeatedly rejected requests to Bitcoin ETFs and the part of dashed hopes of the Community on a possible Bull Run, speak volumes. Apart from lack of safety measures in the crypto-Ecosystem, however, there were apparently problems of compatibility. Because of the new financial technologies are not necessarily consistent with the rules of a well-established financial system to be compatible. That could soon change.
SEC Commissioner sionarin Hester M. Peirce said in a speech that could change the existing guidelines in the future. Accordingly, the staff member of the US-American Supervisory authority:
said the opportunity of The [Securities and Exchange Commission] to reconsider their approach to Innovation, is the result of a decade of technological development in connection with Blockchain and crypto-currencies. This area has claimed many regulatory authorities around the world. The SEC is certainly no exception. We ask ourselves, together with other regulatory authorities, such as the rules in this section apply, or whether a new legal framework would be better. If we act appropriately, we can enable innovation in this new frontier. And without compromising the goals of our securities laws […].
No Action Relief: assistance for applicants
Accordingly, it can also orientate the task of the authority, to provide for guidelines to applicants. The Securities and Exchange Commission was working on a consulting opportunity for ICO and STO-applications:
The staff is working on some additional Notes to help people think about whether their crypto-financing of measures under the securities fall laws. There is also a permanent offer for people who can come in connection with a certain Token or project to the so-called No-Action Relief. Applicants will have to present their projects and the SEC staff may, where appropriate, respond [by recommending a withdrawal of the application].
in order for the authority ultimately creates space for both himself as well as for applicants. Because of the No-Action Relief-rules of the SEC in advance of work is spared, while it helps the applicants with their applications better.
Read also: US SEC accepts Bitcoin, Ethereum, XRP, and co. with a new program to target
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