SEC Hester Peirce Don Launch 10-City Crypto Engagement Tour
SEC Commissioner Hester Peirce go lead one 10-city crypto engagement tour from August go December 2024. Dis tour dey target young startups wey dem never dey more than two years and get less than ten workers. Dem go do roundtable discussions about regulation, custody solutions, tokenization standards and DeFi risks. The SEC crypto tour wan hear from developers and investors to sabi how dem fit do future digital asset laws. Past events get gist from a16z Crypto, BlackRock and other big companies. This initiative follow after dem relax regulatory matters, like how dem look Coinbase, Uniswap and Kraken easy, plus guidance from Fed and OCC wey dey supportive. Traders suppose dey watch for updates on custody rules, token listings and DeFi protocols because better guidance fit affect market stability and trading plans.
Bullish
Di launch wey SEC dey do for 10 cities crypto engagement tour na sign say dem dey proactive to shape digital asset regulations. For short term, to gather feedback from startups and big companies fit reduce uncertainty, wey go make trading stable for tokens and DeFi protocols. Regulatory easing wahala against Coinbase, Uniswap and Kraken plus support from Fed and OCC dey boost confidence wella. For long term, clear custody rules, token listing standards, and DeFi guidance fit attract institutional participation and encourage innovation, wey go support sustainable market growth. Overall, di increased dialogue and transparent policy-making show say crypto markets get better outlook.