Who Is Responsible For Regulating America’s ‘infant’ Crypto Industry

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V nedavno intervju with Bloomberg, U.S. Securities and Exchange Commissioner Hester Peirce discussed the heated regulatory environment in the country. Peirce, who is affectionately referred to as “Crypto Mom,” said that the crypto market is in its early stages,

"Mislim, da je moj otrok še dojenček."

However, she argued that she’s “much more of a free-range mother” than the SEC chair Gary Gensler.

In the context of the introducing a new regulator to supervise digital assets, she je dejal,

"Osebno menim, da to ni potrebno."

Earlier in October, Coinbase had predlagano a set of regulatory guidelines as part of its Digital Asset Policy Proposal (dApp). One of the recommendations was the need for a “single regulator.” It had trdili that it will “avoid fragmented and inconsistent regulatory oversight.”

On the contrary, Peirce trdili against it in the interview. She explained,

"Na splošno imamo tako razdrobljen regulativni sistem za finančne produkte in storitve, da ne vem, ali bi bila moja prednost dodajanje drugega regulatorja."

Recently, the U.S. PWG had put out a regulatory poročilo on stablecoins, expanding on SEC’s and CFTC’s powers. It had said that maintaining market integrity and investor protection falls under the jurisdiction of the SEC and Commodity Futures Trading Commission (CFTC).

Ob tem se je komisar SEC tudi strinjal, da vodja Gensler tudi "veliko verjame" v "zvezni finančni regulator kripto trgov".

But, Peirce is afraid that Congress doesn’t have enough time to build a regulatory framework on that. She opozoril,

»Kongres ima marsikaj na svojem krožniku ... Nekaj bi lahko naredili sami. Toda spet je nekaj vprašanj glede pristojnosti."

Not so long back, CFTC acting chairman Behnam had sought more powers from Congress to regulate the crypto market. In this context, Crypto Mom opozoril,

"CFTC ima morda drugačen pogled na jurisdikcijo kot mi."

So, Peirce’s suggestion includes using the experience of existing regulators for “mixed” supervision. She je dejal,

»SEC ima izkušnje z regulacijo maloprodajnih trgov. CFTC ima izkušnje z regulacijo terminskih trgov. In potem imajo bančni regulatorji očitno izkušnje." (sic)

Kaj se bo zgodilo z DeFi?

V interakciji je Peirce trdil, da imajo "decentralizirane finančne transakcije, ki temeljijo na pametnih pogodbah, vgrajen regulator." Zato si je prizadevala za predpise, ki bodo priznavali "edinstvene vidike te tehnologije".

Recently, the global watchdog Financial Action Task Force (FATF) also released its latest guidance on cryptocurrencies. In the context of DeFi, Rick McDonell, former executive secretary of FATF, told CNBC,

"Pomanjkanje učinkovitega nadzora ustvarja veliko tveganje za goljufije, pranje denarja, utaje sankcij in druge kriminalne dejavnosti na teh trgih."

Apart from that, Gensler had vowed to bring Defi under its regulatory umbrella in the past. So, after targeting stablecoins, DeFi is likely to come under the regulatory radar soon.