Earlier this month, U.S. Securities and Exchange Commissioner Hester M. Peirce gave a fascinating speech in Los Angeles at which she opined that the SEC should not create a regulatory "sandbox" for blockchain companies, as securities regulators in other jurisdictions have done. Rather, she stated that her preferred approach was for the SEC to take the approach of a lifeguard at a "beach" that watches over what is happening, but "is not sitting with sandcastle builders monitoring their every design decision."
FinTech Monitor Editor Jeffrey Alberts discusses Commissioner Peirce's speech and her proposed approach to regulating blockchain tokens in this video.
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