What the SEC’s Blockchain Lead is Saying About Regulation
In a sign of how serious state powers are taking the emergence of blockchain, the most powerful regulatory body in the US now has a working group dedicated to protecting its users and investors from fraud in the sector.
The US Securities and Exchange Commission (SEC), the agency whose mandate is to create fair and efficient markets, is also now emerging as a public voice in the industry, spotlighting the technology at an event this week in Washington, DC.
Both developments signal that progress is being made. Yet for some industry observers, the statements will likely fall short – some of the most important questions facing entrepreneurs and investors building with blockchain technology remain largely unanswered.
And it appears that isn’t likely to change soon. The head of the SEC’s distributed ledger working group, Valerie Szczepanik, isn’t able to speak about her plans for blockchain regulation or how the agency will pursue enforcement in the industry.
This post was published at Coin Desk on November 17, 2016.