The 2018 TechCrunch conference, Disrupt which took place in San Francisco USA between Sept. 5-7 hosted top-class people among which Szczepanik, SEC Senior Advisor for Digital Assets and Innovation, featured.
John Biggs, a TechCrunch journalist, who anchored the session quizzed Valerie Szczepanik on what the stand of the United State is on Cryptocurrency, and if the Securities and Exchange Commission (SEC) is a chief in this position.
The Senior Advisor replied saying despite chains of enforcement issued by the body, US SEC is leading in terms of Cryptocurrency regulation. She added that enforcement was implemented after proper deliberation, to mitigate cases sending malicious messages.
“We are actively engaging with entrepreneurs and practitioners through these meeting in a way that we’ve never seen before at the commission, it’s really an open door policy,” she stated.
In another statement, Szczepanik averred that on matters concerning Cryptocurrency policies, the SEC has started partnering with other regulatory and law enforcement in the country and beyond.
“… and I think each jurisdiction has its own regime to deal with and its own laws to deal with and some jurisdictions are more discreet or they have one financial regulator for the entire ball of wax. Thats not the case in the United States.”
Speaking further, Valerie said while SEC connects countless of financial realtors across the country to deal with global issues responsibly, other countries around the world are looking up to the United State for Cryptocurrency regulations and knowledge in the area. This makes US a top country in the area.
On weather raising of fund through Initial Coin Offering [ICO] is a good idea in the country, Valerie said raising of funds in a compliant way is allowed.
Companies meet with the SEC to run an ICO, and it is conducted by doing a registration statement or ICO pursuant is a way that is not a security. She implored companies which want to embark on ICO to raid dough to approach competent security counsel or SEC.