The United States could learn from China's innovations in digital currency, says Securities and Exchange commissioner Hester Peirce.
"Learn from what other countries are doing and take the best of what they're doing and reject the worst of what they're doing."
China outpacing U.S. on digital currencyLast fall, Mark Zuckerberg's congressional testimony on Facebook's Libra leaned heavily on the idea of U.S. innovation falling behind.
"A lot of innovation is happening in China. I think that the government recognizing the potential is something we should learn from."
Other issues before the SEC. The SEC is working on its "Accredited investor" designation.
The protection measure limits who enters the digital marketplace.
"If you're an accredited investor you're able to invest in certain things other people can't invest in. So that has been a barrier in this space to some people getting involved in projects for legal reasons people are restricting purchases to accredited investors. And so recently we put out a proposal to expand what an accredited investor is."
"I'm hoping we can come up with some kind of a framework, a safe harbor framework that would allow people to get their token projects off the ground, to actually launch their networks."
Later, Peirce added, "I think, again, we have lessons to learn."
SEC's CryptoMom Wants US to Learn From Chinese Digital Innovation
pubblicato su Jan 17, 2020
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.