Rodrigo Seira is Crypto Counsel at Paradigm; prior, he was at Cooley LLP, a founding member of DLX Law, and earned his JD from Harvard Law School.
Last week, U.S. Securities and Exchange Commission Chairman Gary Gensler and Commissioner Hester Peirce issued two public statements that show radically different understandings of the application of securities law to crypto.
To put the scene in context, Bloomberg's Zeke Faux was there giving away free copies of his new book,"Number Go Up" , and coffee mugs with the logo of the bankrupt crypto exchange FTX had adorned the center of every table. Those mugs were filled with mints, a cheeky gesture by the event organizers given former FTX CEO Sam Bankman-Fried’s ongoing trial.
She also highlighted the negative impact that the current enforcement-only approach has on investors and showed empathy for the entrepreneurs trying to make sense of the regulations. Moreover, the existing securities framework was designed to regulate securities instruments that differ fundamentally from crypto assets, and as a result current registration forms rely on a set of disclosures that are inadequate for crypto’s unique aspects and leave investors vulnerable.the existing regulatory gap and called on Congress to update the regulations. But the political climate changed, and with it Gensler’s recognition of the problem and his willingness to act.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White-shoe law firms tell law schools they won't hire antisemites amid Israel-Hamas warToday's Business Headlines: 10/31/23
Read more »
Nation's top law firms warn deans: Antisemitic law school grads won't be hiredTwenty-seven of America's top law firms sent a stark warning to law school deans at 14 prestigious institutions: Curb antisemitism among your students or they will face employment issues after graduation.
Read more »
Nation's top law firms warn deans: Antisemitic law school grads won't be hiredTwenty-seven of America's top law firms sent a stark warning to law school deans at 14 prestigious institutions: Curb antisemitism among your students or they will face employment issues after graduation.
Read more »
Law & Order column: Lake County mental health-law enforcement collaboration reaches milestoneThe Crisis Outreach and Support Team – COaST – began with the sheriff’s office in 2018, and expanded in 2022 to include police departments in Gurnee, Lake Forest, Libertyville, Lincolnshire, Mundelein and Vernon Hills.
Read more »
SF police commissioners question racial disparities with use-of-force dataSan Francisco police commissioners on Wednesday questioned police officials about the department's use-of-force report for the first six months of this year.
Read more »