A Need for More Regulatory Clarity

A Need for More Regulatory Clarity
For years fintech leaders, investors and technologists in the cryptocurrency space have whined about the lack of regulatory clarity coming from the U.S. Securities and Exchange Commission (SEC).It was only in February 2020, amended in April of this year, that SEC Commissioner Hester M. Peirce proposed her forward-thinking safe harbor rules providing a three-year grace period from prosecution related to securities registration and a regulatory sandbox to develop decentralized networks. Meanwhile, the SEC charged alleged violators of the Securities Act of 1933 as disparate as Ripple Labs, BitConnect, actor Steven Seagal, political lobbyist Jack Abramoff and legendary innovator and outlaw…