between Recent look On Bloomberg Television, Republican Republican Chairman Hester Perth said Congress would not wait for Congress to enact any particular laws.
Peirce argues that much of the work could be carried out under the agency’s existing authorities.
She emphasized that the SEC had been working to provide guidance on the application of existing securities laws within the cryptocurrency sector since January.
Last month, the US Senate Banking Committee announced Draft version Bill of Crypto Market Structure Bill of Drawn Landmarks Some criticisms From industry players including blockchain company Ripple because of the power of the SEC.
Peirce emphasizes that the Market Structure Bill is “part of a very sophisticated legislation.” She added that the SEC is “pleasant to work with people in both the House and Senate,” confirming that the law helps guide the formation of the industry.
Project Crypto
As Reported by U.TodaySEC Chairman Paul Atkins recently announced the launch of “Project Crypto,” which aims to further modernize the securities law.
Pers emphasizes that “project ciphers” are “going very well.” “It’s been going very well. We’re working very closely with our staff on the whole,” she said.
Crypto’s committee members added that the SEC is currently holding meetings with leaders from various industry leaders.
Coordination with CFTC
The aforementioned market structure bill aims to clarify the boundaries of jurisdiction between the SEC and the CFTC.
Perth emphasizes that the two sister institutions have a “good relationship.”
“We’ve worked with them. I’ve personally worked with the CFTC on a number of issues over the years, and I’m coordinating with the CFTC to move forward on these recommendations,” she said.
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