“Cryptomama” from the SEC urged colleagues to define the concepts
Pier considers necessary introduction greater clarity in cryptocurrency regulation
Perhaps a change in leadership at the SEC will turn the tide
International consortium of news organizations, developing transparency standards.
SEC Representative Esther Pearce stated on the need to clarify and standardize the rules for cryptocurrencies. She probably hinted on the XRP situation.
Member of the American Securities Commission and exchanges (SEC) Esther Pierce already long ago received the nickname “cryptomam” for his friendly and patronizing attitude to the cryptoindustry and digital currencies.
More clarity and consistency!
In an interview on January 8, Pierce reiterated her position. In particular, she raised such a question as the need to standardize and unify the government’s approach to cryptocurrencies..
She considers it necessary to make complete regulatory clarity in such matters. She also lamented about the uncoordinated policy between various power structures., which different approaches to the implementation of regulatory measures in the crypto segment.
“Various organization can interpret the same concept differently. So, they are may otherwise regard what, according to our rules is valuable paper. it can discourage and confuse people […] I already called on to more regulatory clarity, as I believe that can be difficult to determine if it hits assets under the category of securities. We can do more with a set of clear guidelines. “.
SEC vs. Ripple
Judging by all, thus, Pierce indirectly commented on her attitude to the ongoing litigation between the SEC and Ripple. However, during the interview, she did not make any direct statements about this theme.
As a reminder, the accusations against the regulator are based on Tom, what XRP is an not currency like bitcoin (MTC) or Ethereum, but a security. Accordingly, XRP sales were declared illegal. This lawsuit has already cost a lot token Ripple – it lost over half of its value.
Read also: SEC vs. Ripple: Telling Who Is to Blame and What to Do
There are still many open questions in this story.. So, some were puzzled by such a sudden and selective dislike of the American regulator for Ripple, despite to the fact that project existed on market for over seven years.
However, perhaps Ripple has hope. As told earlier BeInCrypto edition, at the end of December the former chapter SEC Jay Clayton resigns. Him was succeeded by Elad Roizman, famous for his more favorable attitude towards cryptocurrencies. It is no coincidence that Pierce was one of the first to happily share the news of the change in leadership in the Commission..
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