Caroline A. Crenshaw, an SEC Commissioner, spoke of how the cryptocurrency market might soon be regulated. She believes that a safe harbor for crypto projects may do more harm than good and that market participants must proactively address regulatory compliance.
SEC Commissioner Caroline A. Crenshaw, speaking at the annual SEC Speaks conference, rejected the idea of a safe harbor for token issuances. Commissioner Crenshaw said that more crypto projects will have to register with the SEC. She did state that the views reflect her own and do not represent the agency or other SEC commissioners.
Her emphasis was on the idea that the cryptocurrency market required a back and forth between innovators and regulators. Crenshaw is not at all opposed to the idea of cryptocurrencies themselves, even saying that the “technology and its potential are positive.”