Hester Peirce, a member of the US Securities and Stock Exchange Commission, demanded views and suggestions from the public to eliminate the uncertainties in the field of crypto. Within the scope of SEC’s newly established crypto task force, it is aimed to clarify various issues.
Crypto Arrangements Framework
He works on issues such as duty power, securities status of crypto assets, public offering, storage and secondary market transactions. In addition, the recommendations of the tokens, crypto credit transactions and suggestions for listing applications are evaluated. With the regulations to be developed, digital assets are planned to be exempted from some legal obligations for certain periods.
PUBLIC CONTROL AND DISCUSSION PROCESS
Peirce stated that public participation is important in order to eliminate uncertainties in the crypto sector. The public can convey its views through the written application form and meeting request form on the official website of the SEC. The studies include details that will contribute to the creation of the regulatory framework.
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The task force also evaluates suggestions to determine the categories of crypto assets and which transactions will remain outside the Judicial Jurisdiction of the SEC. Thus, it is aimed to establish clear and applicable rules in the crypto sector.
Hester Peirce: “This document is waiting for your views to seek answers to some questions discussed by the task force.”
In addition, solutions are studied on other crypto issues within the task force. In this context, the proposal for creating a micro adaptation space for crypto projects is also evaluated.
The SEC plans to shape regulatory processes in line with the feedback to be received. The aim of the institution was to place the applications in the crypto sector on a more clear and understandable ground.
Public opinions to be received may be guiding in determining the regulations. As a result of the studies, it is aimed to reduce uncertainties by clarifying the legal regulations to be applied in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
