No Plans to Kill Crypto - Former SEC Lawyer Confirms
A former important figure at the Securities and Exchange Commission of the United States, Ladan Stewart has publicly denied claims suggesting a governmental agenda against cryptocurrency.
According to her, the actions of the Securities and Exchange Commission never were to restrain innovation in the growing industry.
Stewart, who is now a partner at White and Case LLP, shared that during her time at the Securities and Exchange Commission, her primary focus was looking after litigating high-profile cases like those against the crypto exchange Coinbase and Ripple. Stewart pointed out that the approach of the SEC has always been technologically neutral.
She therefore addressed the speculations regarding the SEC's planned crackdown on cryptocurrency businesses.
She stated:
“The SEC is not trying to kill crypto. Our main concern has always been about ensuring investor protection and compliance within the industry,”
Stewart's comments came at a time when leaders in the industry have shared concerns about the harsh regulatory measures deemed to be potentially driving innovation out of the United States.
Stewart asserts that industry adherence to laws intended to safeguard investors is essential. The SEC works nonstop to guarantee that investors have access to all relevant information. There is no plot to destroy the cryptocurrency business, even though the SEC will keep up its enforcement of compliance.
In Stewart's view, cooperation and an open dialogue between regulators and the crypto community are important for resolving the ongoing tensions. The insights of Stewart underline an important shift in regulatory strategies, focusing on education and compliance rather than constraint.
Stewart wants to close the gap that exists between regulatory frameworks and the cryptocurrency business. In her new position, she will assist cryptocurrency companies in navigating the intricate regulatory environment in the United States, aiming to strike a balance between innovation and legal compliance.
Follow @haveyoursay
x.com/itshaveyoursay
Posted Using InLeo Alpha
Congratulations @haveyoursay! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 1000 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for BEE and Cent
Obvious lie is obvious.
This is a blanket statement to hide their real intent.
Which is unknown, but is probably to capture the industry for Wall Street.
Lol. Probably yes. They have to find an excuse for this.