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⭕️CRITICHE SEC SU REGOLE CRYPTO

⭕️CRITICHE SEC SU REGOLE CRYPTO

Giorno: 2024-04-03 | Ora : 19:36 Gurbir Grewal, direttore dell'Enforcement Division della SEC, ha respinto le critiche secondo cui l'ente sta creando regole sui cripto in modo arbitrario. Ha affermato che le aziende del settore stanno cercando in modi creativi di evitare la giurisdizione della SEC e ha sottolineato la necessità di casi di applicazione della legge come quello di Sam Bankman-Fried. Grewal ha affermato che lo standard della SEC per determinare se un'offerta è un titolo è stato applicato in modo chiaro e coerente e ha negato che la SEC stia esplorando la classificazione di Ethereum come titolo. Le sue dichiarazioni seguono le critiche della commissaria Hester Peirce alle linee guida contabili della SEC per le istituzioni che custodiscono asset cripto.

SECURITY AND EXCHANGE COMMISSION (SEC) RESPONDS TO CRITICISM ON CRYPTO REGULATIONS

  • Gurbir Grewal, the director of the Division of Enforcement at the SEC, defends the regulator against claims that it is making up rules on crypto as it goes.
  • Grewal acknowledges that companies in the crypto industry have attempted to avoid the SEC's jurisdiction through creative means.
  • He addresses concerns that the SEC is exceeding its authority or regulating by enforcement in lawsuits against crypto firms.

IMPORTANCE OF ENFORCEMENT CASES

  • Grewal highlights the case of Sam Bankman-Fried, the former FTX CEO sentenced to 25 years in prison for defrauding investors, as an example of the need for enforcement in the crypto industry.
  • He emphasizes the importance of addressing issues such as fraud, lack of transparency, commingling of assets, conflicts of interest, and lack of oversight in the industry.

SEC'S STANDARD FOR DETERMINING SECURITIES

  • Grewal reiterates that the SEC's standard for determining what a security is under the Howey test has been consistently applied.
  • He points out that these analyses are public documents and that parties arguing in court have used the Howey framework internally for years to evaluate crypto offerings.
  • However, he does not specifically address reports regarding the classification of Ether (ETH) as a security.

CONCERNS REGARDING SEC'S INCONSISTENT APPROACH

  • Some industry participants have criticized the SEC for its seemingly inconsistent approach to enforcement on crypto firms and exchange-traded funds.
  • A Utah judge recently imposed sanctions on the SEC for acting in "bad faith" in a lawsuit against the firm Debt Box.
  • These concerns have raised the possibility of an exodus from the United States.

RECENT CRITICISM ON ACCOUNTING GUIDELINES

  • SEC Commissioner Hester Peirce criticized the regulator's accounting guidelines for institutions looking to custody crypto assets.
  • Peirce's comments were made at the SEC Speaks event, where other staff and commissioners also addressed various issues.
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Source : https://cointelegraph.com/news/sec-crypto-industry-creative-attempts-avoid-guidelines

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