At a recent round table hosted by the Labor Squad in the American Securities and Stock Exchange Committee (SEC), industrial leaders met to discuss the encryption nursery for brokers and investment consultants.
Ryan Lovar, chief legal official and head of the Business and Legal Department of Digital Assets at Wisdomtree, participated in his visions after the event, with highlighting the commitment of the Supreme Council for Renewed Education to communicate with the cryptocurrency industry.
It highlights the round table for encryption in SEC
Lavar described the round table as “very fruitful”, noting that the Supreme Education Council, under new leadership, is serious about re -engaging with stakeholders in this field. He stressed the importance of practical discussions on how digital assets, Blockchain technology and the symbol with the current organizational framework are harmonized.
Easy to the event is a rich dialogue, according to a report Written by Eleanor Territ, the hard work of the SEC encryption squad in strengthening an environment leads to opening the exchange.
According to what was stated, the diversity of the perspectives between the members of the committee contributed to a constructive atmosphere, as the potential of digital assets was recognized, in addition to commitment to maintaining a strong investor protection.
One of the most surprising aspects of the round table was the willingness of the participants to review the traditional Regulatory assumptionsEspecially with regard to nursery.
Many committee members noted that the current nursery frameworks for traditional financial tools may not be suitable for digital assets preserved on Blockchain networks.
Opening a dialogue on organizational challenges
Louvar highlighted that SEC’s approval of Blockchain’s capabilities is to enhance efficiency, transparency and risk management is crucial to developing regulations that not only protect investors, but also encourage growth. Digital financial products.
Louvar expressed his hope that the Crypto SEC business band will realize the feasibility of safe innovation in the world of digital assets. He emphasized that the nursery air conditioning is not related to falling protection, but rather is related to the application of applicable principles – such as security, isolation, detection, and credit responsibility – to a new technological context.
He believes that the studied organization can enhance the development of the official The decentralized financing (Defi) while supporting high standards that historically defined American markets.
Moving forward, seeing a great opportunity to build on the momentum of the round table. It calls for a gradual approach to the organization, starting with the targeted guidance and development towards setting comprehensive rules that deal with the specific characteristics of digital assets and Blockchain technology.
The main areas of development include clarification of how digital assets are consistent with the current nursery rules and the creation of organized paths for responsibility Self -friction.
Louvar also reported that Wisdomtree’s New York Trust operates under the strict regulations set by the New York Ministry of Financial Services (NYDFS), which is qualified as a “bank” under the current nursery framework for investment consultants.
Distinctive image from Dall-E, Chart from TradingView.com
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