What is the Security and Exchange Commission (SEC), how does it affect the crypto and blockchain space, and where did it come from? I thought to discuss the SEC with you in light of recent events with Hester Pierce's Safe Harbor proposal, Telegram's ongoing court case with the SEC, and past cases where blockchain companies that have used ICOs for fundraising have been indicted for violating securities law.
Let's look at the origins of the SEC, what it actually does, good and bad, and what might be coming in the future now that we have decentralization and self-sovereignty coded in technology rather than law.
Further Reading:
- https://www.sec.gov/news/speech/peirce-remarks-blockress-2020-02-06
- https://www.coindesk.com/sec-commissioner-hester-peirce-proposes-3-year-safe-harbor-period-for-crypto-token-sales
- https://www.coindesk.com/sec-commissioner-hester-peirce-proposes-3-year-safe-harbor-period-for-crypto-token-sales
- https://kansasmoney.gov/posts/blue-sky-laws
- https://www.history.com/topics/us-government/securities-and-exchange-commission
https://en.wikipedia.org/wiki/International_Organization_of_Securities_Commissions - https://www.foxbusiness.com/markets/a-brief-history-of-the-securities-and-exchange-commission
- https://www.accreditedinvestorleads.com/accredited-vs-sophisticated/
- https://www.sec.gov/fast-answers/answers-rule506htm.html
- https://www.financemagnates.com/cryptocurrency/news/sec-vs-telegram-will-gram-tokens-ever-be-distributed/
