SEC Commissioner Hester Peirce has unveiled her proposal to create a safe harbor for crypto startups, allowing them three years to build out their networks before having to address federal securities laws.
RT @BullyEsq: Her safe harbor proposal is more aggressive than many people in the space (including myself) would have ever dreamed of a year ago.
It’s a big deal if she gets the nod! https://t.co/CxHsiU9Imn
I just read @HesterPeirce's comments in full, and I can't think of a more bullish proposal for the industry.
It's been 28 months since I announced my plans for @MessariCrypto, and I think we kind of nailed it with our registry design. https://t.co/KJgU0ZydD2
Enjoyed meeting @HesterPeirce in DC a few years back. Found her to be thoughtful and smart on crypto. Hopeful that we can bring forward sensible regulation like this. 👏
Looking forward to visiting DC again later this year. https://t.co/YsWZIBPrCP
RT @katie_haun: This would be a big deal. Not only could it help to incentivize crypto builders wanting to serve the US market, it could motivate other agencies to create regulatory sandboxes 👇 https://t.co/7i8PpmKMnd
This would be a big deal. Not only could it help to incentivize crypto builders wanting to serve the US market, it could motivate other agencies to create regulatory sandboxes 👇 https://t.co/7i8PpmKMnd
lawson baker : 88发 babafa - @lwsnbaker7 months ago
It’s easy to hate US regulation from afar but generally the US is incredibly business friendly, especially new tech.
Creating a securities Safe Harbor for new cryptocurrency projects to release + decentralize over 3yrs says one thing.
The U.S. is open for crypto business. https://t.co/YwbAKMHsHp
I really hope this proposal can get adopted by the other commissioners!
I know the road is long, but this, in theory, will allow for crypto startups to have a three-year grace period beginning their first token sale to achieve a certain level of decentralization under the SEC. https://t.co/CKcBCYqaVq
I see half of crypto people saying this is great news for newly created tokens, would give them less fear of SEC crackdown; and half of crypto people saying this is stupid and sets unfair expectation of decentralization within 3 years. https://t.co/dw89VvwagO
Think of the possibilities, considering the Chinese government is apparently involved (or at least allowing) mining. Well, what happens to a totalitarian govt. when you bring technology on board that is inherently against central control? ;-)
Interesting color/perspective on this from Bruce Fenton: @brucefenton/the-sec-blockchain-safe-harbor-proposal-cbeb66ce272a?source=linkShare-c89e6d55ed17-1581019948&_branch_match_id=531196489173495786">https://medium.com/@brucefenton/the-sec-blockchain-safe-harbor-proposal-cbeb66ce272a?source=linkShare-c89e6d55ed17-1581019948&_branch_match_id=531196489173495786
eh, a lot of the shit with tokens comes from the issuers not being able to talk about anything that their purchasers want to hear
Everything has to be “leaked”
Regulatory exclusion changes that overnight
More practical interaction with exchanges too
Yeah. We spent 6-figured on lawyers just to find out that we couldnt do anything like what some of those asian and scammy russian icos were doing to hype their community and token
Ironically some of our purchasers think thats a reason to complain to the SEC, and wonder why the SEC ignores them as much as we do