SEC crypto task force signals major shift in regulation, looks to let projects offer tokens in legal way
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Commissioner Hester Peirce breaks down the SEC’s Crypto Task Force plans
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The task force, led by Republican Commissioner Hester Peirce, will work on distinguishing which "crypto assets" are securities, potentially changing ways for firms to register and work on providing clear statements when approving or disapproving exchange-traded products.
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The Task Force also is thinking about the possibility of recommending Commission action to provide temporary prospective and retroactive relief for coin or token offerings for which the issuing entity or some other entity willing to take responsibility provides certain specified information, keeps that information updated, and agrees not to contest the Commission’s jurisdiction in the event of a case alleging fraud in connection with the purchase and sale of the asset
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