The US SEC’s Former Top Figure Denies Anti-Crypto Agenda
In a recent statement, Ladan Stewart, a prominent figure at the US Securities and Exchange Commission (SEC), refuted claims of a governmental agenda against the crypto industry. She emphasized that the SEC’s actions were not aimed at stifling innovation within the crypto space.
Cryptos Will Remain in the US
Stewart, now a partner at White & Case LLP, explained that during her time at the SEC, she focused on litigating high-profile cases such as those involving Ripple and Coinbase. She clarified that the agency’s approach has always been neutral towards technology.
- Stewart dismissed speculations of a deliberate crackdown on crypto businesses by the SEC
- She highlighted the importance of investor protection and compliance within the industry
- Stewart emphasized the need for regulatory compliance to protect investors and foster a safe environment for growth
“The SEC is not trying to kill crypto. Our main concern has always been about ensuring investor protection and compliance within the industry,” Stewart stated.
Industry leaders have expressed concerns about potential harsh regulatory measures pushing innovation out of the US. Stewart believes that compliance with regulations is crucial for the industry’s sustainability and investor protection.
- Stewart advocates for open dialogue and cooperation between regulators and the crypto community
- She emphasizes the importance of education and compliance in regulatory strategies
- Stewart aims to bridge the gap between the crypto industry and regulatory frameworks in her new role
A Balanced Approach to Crypto Regulation
Stewart’s insights reflect a shift in regulatory strategies towards education, compliance, and fostering a safe environment for innovation. Her experience transitioning from a governmental role to private legal practice allows her to provide guidance to crypto businesses navigating US regulations.
Learn more about crypto regulation: Crypto Regulation: What Are the Benefits and Drawbacks?
Stewart believes that cooperation between regulators and the crypto community is vital for resolving tensions and ensuring a balanced approach to regulation. Her focus is on creating a regulatory environment that supports innovation while maintaining legal compliance.
Closing Thoughts
Stewart’s remarks shed light on the SEC’s approach to crypto regulation, emphasizing investor protection and compliance over industry crackdowns. By advocating for open dialogue and cooperation, she envisions a regulatory landscape that balances innovation and legal compliance for the benefit of all stakeholders in the crypto space.
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