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23 June 2021

Former SEC head and treasury undersecretary defend US crypto regulations

Former SEC head and treasury undersecretary defend US crypto regulations


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An opinion piece penned for Wall Street Journalby former SEC Chairman, Jay Clayton, and former Undersecretary of the Treasury, Brent McIntosh, have defended the United States’ existing regulatory apparatus regarding crypto and warned that excessive rulemaking could stifle innovation.

The pair emphasized the challenge of finding a pragmatic regulatory balance that ensures basic consumer protections without stifling the crypto industry’s growth, warning that the sector could easily be subjected to excessive or insufficient regulatory oversight while praising existing guideline:.

Those in power appear to be angling for a heavier-handed approach, with Treasury Secretary, Janet Yellen, stating that the misuse of crypto is a growing problem in February

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cointelegraph.com
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