From TokenPost · · 50s
SEC Crypto Rules Face Withdrawal Push
Former SEC official and Duke scholar call for crypto rule withdrawal to protect investors.
In brief
Former SEC official and Duke scholar call for crypto rule withdrawal to protect investors. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners urged the SEC to withdraw proposed crypto rules due to investor protection concerns. Originally reported by TokenPost.
SEC Crypto Rules Withdrawal Push
Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners urged the SEC to withdraw proposed crypto rules over investor protection concerns.
Rule Exceeds Authority
Their Oct. 16 comment argued the proposal exceeds the SEC’s authority and weakens investor safeguards using existing securities law including the Supreme Court’s Howey test.
Regulation Crypto Assets Details
Regulation Crypto Assets would let eligible startups raise up to $5 million over four years and qualifying projects raise up to $75 million in any 12-month period.
The main idea
Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners urged the SEC to withdraw proposed crypto rules due to investor protection concerns.
