As part of the CoinDesk Year End Series, I wrote an article that puts a reality check on where we are pertaining to blockchain regulation in the United States.
Here are the key points of the article:
- Since 1993, only 7 acts came into fruition affecting the SEC, so the chances are low for getting a new act in 2020, especially given it’s an election year.
- The SEC has not created any Rulemaking pertaining to the blockchain in 2019, whereas it published 36 Rulemaking updates to other aspects of the securities law. Why?
- Hester Peirce has already communicated a number of ideas and recommendations. Why aren’t they being followed?
- 4 specific actions the SEC could have undertaken if they really wanted to modernize their existing regulation pertaining to the blockchain.
The article concludes that nothing new will happen unless a leadership change occurs within the SEC.
You can read the full article on CoinDesk.
Happy New Year 2020! Let it be a good one.