Regulatory clarity is what is cried out for by the crypto industry. In leaving the Securities and Exchange Commission (SEC) a set of arcane laws to create guidance regarding blockchain tokens, the default of ‘regulation by enforcement’ has left many entrepreneurs dissuaded about the ability to create and develop blockchain technology. Worse, the ultimate lack of action by all five SEC Commissioners , save of course the exception of ‘Crypto Mom’ Hester Peirce who is fiery in her dissent and a healthy reminder of the powerful role the late Supreme Court Justice Ruth Bader Ginsburg played, has left Congress no choice but to step in and take control of the train wreck that is the U.S. regulatory landscape for crypto.
Needless to say, it is a huge day in the world of crypto. First, Congressman Tom Emmer (R-NC) introduced the ‘Securities Clarity Act’ that makes a fundamental change to what