crypto.news 2025-05-09 19:57:13

SEC’s Hester Peirce wants crypto sandbox: Wormhole legal chief has concerns

Cathy Yoon commended Commissioner Peirce’s remarks on crypto regulation but expressed concerns over her idea of a regulatory sandbox. The Securities and Exchange Commission has radically shifted its policy on crypto, bringing voices such as that of Commissioner Hester M. Peirce to the forefront. However, some still believe that her pro-crypto approach has important limitations. Cathy Yoon, General Counsel at Wormhole Foundation, recently commented on the remarks made by Commissioner Peirce. While she agreed to some extent that regulatory exemptions for crypto are needed, she criticized Peirce’s idea of a regulatory sandbox. You might also like: SEC’s Hester Peirce pushes back on crypto regulation stance Notably, the debate centers around tokenized securities, which fall under the SEC’s jurisdiction. Any type of security must meet stringent regulatory requirements before the SEC deems it compliant. However, there are significant challenges ahead. Sandboxes are great in theory, but there are risks: Yoon Peirce points to ongoing technical issues as a key obstacle. In particular, the technical infrastructure remains underdeveloped. Yoon acknowledged this as a compelling argument in favor of regulatory exemptions for tokenized securities projects. “The infrastructure needed to support tokenized securities is still rather undeveloped and expensive to implement,” Yoon, Wormhole. Still, Yoon noted that she disagrees with Peirce’s concept of a regulatory sandbox. The concept, which Peirce has long advocated, refers to allowing startups to test certain products that exist in a regulatory gray area. These firms are closely monitored by regulators but face fewer penalties and a reduced compliance burden. Yoon argues that sandboxes sound promising in theory but introduce risks such as arbitrary enforcement and favoritism. “A sandbox is only as good as the leeway and support a regulator offers to the sandbox participants. There is also a concern that regulators may favor sandbox participants, leading to biased oversight or even weakened enforcement in the long term,” Yoon, Wormhole. Instead of a regulatory sandbox, Yoon proposed a limited-duration regulatory exemption. This would allow companies to test their products in a real environment, helping them adapt to actual conditions and scale more effectively. Read more: Hester Peirce writes: ‘The Journey Begins’

Наиболее читаемые новости

AI companies raise conflict with media compan...
2025-06-02
Ethereum & Solana investors are staking despi...
2025-06-02
Why Unstaked’s Stage 17 AI Crypto at $0.01043...
2025-06-02
Acheron Becomes First Cryptocurrency Market M...
2025-06-02
Explosive Cryptos to Buy Now in 2025: Shiba I...
2025-06-02
Bitcoin Price Eyes New Gains — Is the Next Le...
2025-06-02
SEC Raises Concerns Over Ethereum and Solana...
2025-06-02
SEC Flags Compliance Concerns Over Proposed E...
2025-06-02

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения