New Rules for Crypto Disclosures May Be Better Than Enforcement, Says Former SEC Chief
Former chair of the U.S. Securities and Exchange Commission (SEC) Mary Jo White has suggested that new rules rather than “regulation by enforcement” could be the best way to ensure adequate levels of disclosure in the crypto industry. While acknowledging that disclosures are necessary, White argues that some requirements don’t apply to crypto assets and that there’s other information investors might want to know that isn’t included in current laws. For example, MiCA, the EU’s proposed regulatory framework for crypto, mandates that issuers disclose the consensus mechanism and environmental impact of a project but permits this in a public whitepaper rather than a prospectus. Overall, new definitions and updated rules could be preferable to the current nature of crypto regulation, according to White.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
View J-S Tremblay website
