In an open letter to the acting director of government ethics (OGE) Jamieson Greer and the new chairman of the SEC Paul Atkins, it is said that adequate and effective regulation of the industry is difficult without understanding the features and practical aspects of its functioning.
“Permission to the commission officers to store cryptocurrency is necessary for the development of their skills and knowledge necessary for the adoption of working normative rules. This will adequately evaluate the activities of companies in the field of digital securities, ” – They think In Coinbase.
Representatives of the exchange noted that the existing state of affairs prevents the implementation of the instructions of the US President Donald Trump on the preparation of recommendations for regulating cryptocurrencies over the next 90 days, since “SEC employees still cannot use the technology according to which recommendations are expected from them.”
Earlier, the Commissioner SEC Esther Pierce compared the regulation of the US crypto with the children’s game “Paul is Lava!”, Only in the dark.
Source: Bits
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