Crypto firms call for global consensus instead of "fire hose" of rules

A "fire hose" of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday. The European Union has finalised the world's first comprehensive rules for cryptoasset markets, known as MiCA, but others like Britain and the United States are further behind. Apart from compliance with rules to stop money laundering and terrorist financing, crypto firms are largely unregulate

• 2023-05-10
• fire hose global consensus Hester Peirce regulatory regime European Union Sarah Pritchard rules U.S. Securities and Exchange Commission Eva Gustavsson

SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules

The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary Gensler has been saying: Crypto belongs in the securities world and will be regulated that way.

• 2023-04-18
• Gary Gensler DeFi SEC exchange definition Hester Peirce

Everyone Would Be Better Off With Crypto Rules, SEC Commissioner and ‘Crypto Mom’ Says

If regulatory parameters for crypto are spelled out, "people would spend a lot less time thinking about, 'What are the rules?' They'd know," SEC Commissioner Hester Peirce tells Barron's.

• 2023-03-27
• SEC regulatory framework SEC Hester Peirce capital markets regulation enforcement retail investors retail investor

An SEC Watchdog’s Take on Crypto Rules: Everyone Would Be Better Off

If regulatory parameters for crypto are spelled out, "people would spend a lot less time thinking about, 'What are the rules?' They'd know," SEC Commissioner Hester Peirce tells Barron's.

• 2023-03-26
• SEC regulatory framework Hester Peirce capital markets the SEC SEC regulation enforcement retail investors retail investor

Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown

Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?

• 2023-02-14
• Brian Armstrong BUSD Paxos Trust Company Marcus Sotiriou crypto enthusiasts Hester Peirce digital assets cryptocurrency exchange SEC fraud allegations Kraken