The bill adopted by the European Parliament on the regulation of the market of cryptoassets (MiCA) and the UK’s approach to digital asset regulation could be a starting point for the US regulatory framework. The commissioner said SEC Hester Pierce, writes The Block.
“We are shooting ourselves in the foot for not having a good regulatory regime in the US. I like the approach of telling people, ‘Look, there are risks here, you can take it or not’. And then we try to find a model that allows for innovation.”she suggested.
Pierce admitted that she is not very optimistic about the prospects for reducing regulatory uncertainty in the US.
In February 2023, the commissioner urged Congress to expedite the development of a regulatory framework for cryptocurrencies.
Pierce said a month earlier that the community and regulators should learn from the challenges the industry is facing.
Since the beginning of 2023, the SEC has pointed to violations in the operation of Bittrex, Coinbase, Kraken, Gemini and Genesis.
In April, the head of the regulator, Gary Gensler, faced criticism regarding his department’s position on digital assets during a hearing in the US House of Representatives.
Subsequently, Congressman Warren Davidson announced a bill that calls for Gensler’s resignation as chairman of the SEC.
Recall that Coinbase CEO Brian Armstrong said that the head of the department is trying not to regulate the industry, but to limit it.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The bill adopted by the European Parliament on the regulation of the market of cryptoassets (MiCA) and the UK’s approach to digital asset regulation could be a starting point for the US regulatory framework. The commissioner said SEC Hester Pierce, writes The Block.
“We are shooting ourselves in the foot for not having a good regulatory regime in the US. I like the approach of telling people, ‘Look, there are risks here, you can take it or not’. And then we try to find a model that allows for innovation.”she suggested.
Pierce admitted that she is not very optimistic about the prospects for reducing regulatory uncertainty in the US.
In February 2023, the commissioner urged Congress to expedite the development of a regulatory framework for cryptocurrencies.
Pierce said a month earlier that the community and regulators should learn from the challenges the industry is facing.
Since the beginning of 2023, the SEC has pointed to violations in the operation of Bittrex, Coinbase, Kraken, Gemini and Genesis.
In April, the head of the regulator, Gary Gensler, faced criticism regarding his department’s position on digital assets during a hearing in the US House of Representatives.
Subsequently, Congressman Warren Davidson announced a bill that calls for Gensler’s resignation as chairman of the SEC.
Recall that Coinbase CEO Brian Armstrong said that the head of the department is trying not to regulate the industry, but to limit it.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
