If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.
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RECoin, Diamond ICO scammer Maksim Zaslavskiy jailed 18 months
Prosecution of the RECoin and Diamond initial coin offering set precedent defining cryptocurrencies as securities
Maksim Zaslavskiy was sentenced to 18 months in prison on November 18 for conspiracy to commit securities fraud in the RECoin and Diamond initial coin offerings.
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SEC Commissioner Hester Peirce speaking at New York University, March 26, 2019 (photo by Lawrence Lewitinn for Modern Consensus).Crypto Mom says SEC takes nanny state approach
SEC Commissioner Hester Peirce thinks regulatory overreach is hindering cryptocurrency innovation
Hester Peirce doesn’t want the government to protect you from dumb cryptocurrency investments. Speaking at a taping of Laura Shin’s Unchained podcast at NYU’s Stern School of Business on March 26, the Securities and Exchange Commission’s “Crypto Mom”—a nickname she picked up after dissenting from the commission’s June 2018 decision not to approve a cryptocurrency exchange traded fund (ETF)—expressed a belief that her agency should be focused on protecting securities investors from fraud, not hindering speculation.
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Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).As attempts to win ETF approval continue, US regulators remain cautious
Comments by SEC commissioners suggest cryptocurrency industry has work cut out to get exchange traded fund approved
Last week, two leaders of the Securities and Exchange Commission addressed the issue of cryptocurrency regulations, and the main takeaways were that while the approval of exchange traded funds and clarification of initial coin offering rules was likely to happen, it’s not likely to be anytime soon.
