CandleFocus Hester Peirce: SEC Needs Clarity on Crypto Securities Language
2024-10-02
Author: Content Editor
U.S. SEC Commissioner Hester Peirce has raised concerns about the vagueness in the commission’s definition of crypto assets or digital asset securities. While she acknowledged that some crypto assets could still be considered securities, she warned that creators need to fully understand the legal implications of their products. Peirce emphasized that it is incorrect to assume that no crypto asset could be classified as a security and called for the SEC to provide clearer definitions. These comments come as SEC Chair Gary Gensler discusses plans to revise the definitions of exchange and alternative trading systems, sparking opposition within the crypto industry.
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