The SEC Goes Mobile to Answer Crypto Questions

Date : 03/12/2019 @ 4:33PM
Source :ADVFN Crypto NewsWire
Stock : Bitcoin (BTCUSD)
Quote : 3991.93000000  8.14000000 (0.20%) @ 9:48AM
Bitcoin share price Chart

The SEC Goes Mobile to Answer Crypto Questions


 
 

Bitcoin Global News (BGN)

March 12, 2019 -- ADVFN Crypto NewsWire -- Are crypto firms endeavoring to follow existing regulations that are clearly applicable to their offerings? Given a report today from CoinDesk, it appears that this is not the case. Apparently, last week, the SEC’s Finhub, which regulates tech startups announced that it will be going on tour to several major United States cities.

While on the surface, they seem to be doing so to be more accessible to blockchain startups in particular, the effective head of the SEC’s digital assets division was quoted as saying that they will not be giving out any advice that can be considered legal counsel.

Given this, it is easy to question the value of connecting with the SEC in person in these cities, which include San Francisco, Denver, and several others. The same person leading the digital assets division was quoted as saying in response to this that the SEC hopes to offer helpful advice to guide startups toward being compliant.

What this specifically appears to mean in the context of the blockchain industry is that the regulators will be able to point out frameworks that startups should look into, without expressly saying that such actions are required. Still, considering that only somewhere around 6 firms responded to the SEC’s recent letter that, at least, temporarily bans crypto ETFs, it seems that regulators are not being taken as seriously as they should be.

With that in mind, what can be done? Judging by CoinDesk’s article, the SEC’s ultimate hope is that startups will come to them on the tour with pain points that need to be clarified for regulations to be truly clear.

Even so, an overarching issue remains that has not exactly been addressed. Do current regulations suffice for an industry that is consistently innovating on the way we think about and deal with just about any asset?

 

 

By: BGN Editorial Staff

Bitcoin (COIN:BTCUSD)
Historical Stock Chart

1 Year : From Mar 2018 to Mar 2019

Click Here for more Bitcoin Charts.

Bitcoin (COIN:BTCUSD)
Intraday Stock Chart

Today : Saturday 23 March 2019

Click Here for more Bitcoin Charts.

Latest BTCUSD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
TSX
BCE
BCE Inc
TSX
IVN
Ivanhoe Mi..
FX
CADUSD
Canadian D..
USOTC
XUII
Xumanii In..
FX
EURCAD
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:ca D:20190323 11:32:45