Peirce’s Safe Harbor is Worth a Look, But It May Not Be Worth the Effort
Hester Peirce's idea may not be formally considered by the SEC, but it could help refine and define future crypto regulation, say two advisers.
The "Youngest Bitcoin Millionaire" and Metal Pay's CEO worked on an omnibus crypto regulatory bill introduced by Rep. Paul Gosar (R-Ariz.). This is what the industry thinks.
Crypto should work within the existing regulatory structure around securities, rather than reinvent a whole new system.
A Beijing lawyer calls on the SEC to consider Hester Peirce's Safe Harbor proposal, which exempts startups from securities law while starting up. Without greater certainty around token sales, the U.S. risks falling behind other jurisdictions in blockchain commerce.
Crypto advocates are praising SEC Commissioner Hester Peirce’s token “safe harbor” proposal, though not without questioning the details.
Hester Peirce's safe harbor proposal would benefit from greater protections for token holders, say two law professors.
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.