SEC Commissioner Urges Crypto Firms to Keep Engaging Despite Regulatory Uncertainty

SEC embroiled in court cases against crypto firms like Coinbase, Binance, and Ripple.
Commissioner Hester Peirce says crypto firms shouldn't give up on the US despite lack of regulatory clarity.
Peirce admits SEC is behind countries like Switzerland and Singapore on crypto regulation.
Peirce urges crypto firms to engage with SEC on concrete ideas for moving regulation forward.
Lawyers for SEC and Binance.US met in court over SEC lawsuit against exchange.

cointelegraph.com

Relevant topic timeline:

8/25/2023

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

The U.S. Treasury Department's new proposal on digital asset taxes is facing criticism from the crypto industry, as it may capture decentralized operations that are difficult to comply with, although it may also provide a clear path for crypto investors to file their taxes.

8/25/2023

Biden's Crypto Tax Proposal Is Attempt to 'Kill' Adoption in US, Says Financial Services Chair - Decrypt

The Chairman of the House Financial Services Committee, Patrick McHenry, criticized the Biden Administration's proposed crypto tax regulations, claiming that they aim to "kill" the digital asset industry in the U.S. and urged for clearer rules.

9/15/2023

SEC Accuses Binance US of Lack of Transparency and Discovery Failures in Ongoing Case

The US Securities and Exchange Commission (SEC) has accused Binance US of a "lack of transparency" and "discovery failures" in a new filing, amidst an ongoing court case and several executive departures from the cryptocurrency exchange.

10/4/2023

SEC Crypto Custody Rules Create Hurdles for Investment Firms

The Securities and Exchange Commission is increasing regulations on investment advisors choosing custodians for digital assets, which may impact the firms benefiting from institutional interest in cryptocurrencies.

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Posted 9/18/2023, 9:40:06 PM

SEC Commissioner Urges Crypto Firms to Keep Engaging Despite Regulatory Uncertainty

SEC embroiled in court cases against crypto firms like Coinbase, Binance, and Ripple.
Commissioner Hester Peirce says crypto firms shouldn't give up on the US despite lack of regulatory clarity.
Peirce admits SEC is behind countries like Switzerland and Singapore on crypto regulation.
Peirce urges crypto firms to engage with SEC on concrete ideas for moving regulation forward.
Lawyers for SEC and Binance.US met in court over SEC lawsuit against exchange.

cointelegraph.com

Relevant topic timeline:

8/25/2023

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

8/25/2023

Biden's Crypto Tax Proposal Is Attempt to 'Kill' Adoption in US, Says Financial Services Chair - Decrypt

9/15/2023

SEC Accuses Binance US of Lack of Transparency and Discovery Failures in Ongoing Case

10/4/2023

SEC Crypto Custody Rules Create Hurdles for Investment Firms