Brandon Ferrick, general advice on the Douro Labs, said the Securities and Exchange Commission (SEC) openness to publicly input the Crypto policy and their discussions are positive signs that the crypto industry does not experience regulation of acquisition.
In an interview with Cointelegraph, Ferrick recognized the signs of regulatory acquisition including, a public-private sector rotating the door of employees, the same roster of attendees at regulatory events, and special treatment provided in some crypto projects. However, Ferrick added:
“The reason I am not concerned today is that many of what you see from regulation, such as the SEC, for example, is fully open, public, and there are opportunities to have talks with regulators about changing or thinking about regulation structures.”
“(The SEC) has a public portal where you can only submit a written commentary on your thoughts for the crypto regulation environment, and you can now schedule meetings with them,” the lawyer continued.
While the crypto industry becomes more integrated with the traditional financial system and more state regulators, some analysts and executives are Remembering That the industry is experiencing regulation of regulating incentives and politicians in the Burgeoning Crypto sector.
Related: SEC staff provide guide to how crypto security laws apply
The SEC has shown -Host some discussions in the cypto policy
The SEC has pledged some discussions and crypto roundtable panels, with more end in the coming months – a sharp contrast from the agency Regulation-by-implementation approach Under former SEC chairman Gary Gensler.
On March 21, the regulatory agency posted its first crypto roundtable, which featured crypto industry executives, SEC officials, and even the opponents of the crypto industry.
Former SEC officer John Reed Stark is extremely critical to the industry and oppose comprehensive regulatory reformIt is upheld that digital ownership must comply with existing security laws.
SEC’S April 11 Roundtable Focused on trading policies And with a different set of panelists, including representatives from Uniswap and Coinbase.
The next SEC panel will take place on April 25th and will focus on Establishing guidelines for crypto custodians and other companies holding crypto on behalf of customers.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
