Bitcoin ‘Innovation Is Real’ & 9 Other Key Takeaways From Speech By SEC Chair — News

  • Satoshi Nakamoto’s innovation is real. It has been and could continue to be a catalyst for change in the fields of finance and money.
  • No single cryptoasset broadly fulfills all the functions of money and they primarily provide vehicles for speculative investment.
  • It’s often used for illicit purposes.
  • “As a policy matter, I’m technology-neutral.”
  • We don’t have enough investor protection in crypto.
  • Many altcoins are offered and sold as securities.
  • To the extent that there are securities on a trading or lending platform, they have to register with the Commission unless they meet an exemption.
  • Stablecoins also may be securities and investment companies.
  • The SEC is seeking comment on crypto custody arrangements by broker-dealers and relating to investment advisers.
  • The legislative priority should center on crypto trading, lending, and DeFi platforms.

Remarks Before the Aspen Security Forum

Thank you for that kind introduction. It’s good to join the Aspen Security Forum.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store