"There's this uncertainty and the industry feels that they can't come to the regulator to work with the regulator to adjust the regulatory framework, but instead they end up seeing only enforcement actions coming out of the agency, and I think that has not been a healthy or helpful situation," one U.S. Securities and Exchange Commissioner said, stressing that her views aren't necessarily that of her fellow commissioners.
February 08, 2022 at 01:01 PM
8 minute read
The U.S. financial services regulatory environment is complicated at the best of times, but adding cryptocurrency into the mix has confused attorneys, entrepreneurs and even regulators.
Cryptocurrency is a virtual and decentralized form of currency that’s based on blockchain technology, and Miami is now “the place where everyone involved in crypto is congregating,” according to U.S. Securities and Exchange Commissioner Hester Peirce.
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