{"id":51110,"date":"2021-10-13T11:38:54","date_gmt":"2021-10-13T08:38:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51110"},"modified":"2025-09-02T21:55:07","modified_gmt":"2025-09-02T18:55:07","slug":"sec-officials-oppose-creating-a-safe-harbour-for-icos","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-officials-oppose-creating-a-safe-harbour-for-icos\/","title":{"rendered":"SEC Officials Oppose Creating a ‘Safe Harbour’ for ICOs"},"content":{"rendered":"

Commissioner SEC<\/span> Caroline Crenshaw spoke out<\/a> against calls to create a ‘Safe Harbour’ that would shield ICO projects from regulator accountability.<\/p>\n

\n

\u00abIf there had been a safe harbour during the ICO boom of 2017 and 2018, I think the outcomes for investors and markets would have been even worse. ICOs and other digital-asset offerings attracted billions, but most did not deliver on their promises. Investors suffered losses\u00bb.<\/p>\n<\/blockquote>\n

In Crenshaw’s view, instead of a harbour a ‘bridge’ is needed between crypto-industry participants and the SEC. Then projects could better clarify their compliance with regulatory requirements in collaboration with the Commission, she says.<\/p>\n

\n

\u00abAs with all new developments in markets, digital assets, decentralized networks and user interactions raise new questions. If a company or its adviser is in such a position, we are prepared to work with them, but the best help comes when they take the initiative\u00bb<\/p>\n<\/blockquote>\n

In February 2020, SEC Commissioner Hester Peirce proposed three-year regulatory holidays for startups conducting token sales.<\/p>\n

In April 2021, she presented<\/a> the second version of the ‘Safe Harbour’ for ICO projects.<\/p>\n

Earlier, Peirce, known for her crypto-friendly stance, stated<\/a> that sales of NFT<\/span> may violate securities laws. She also advised<\/a> DeFi projects to consult with the SEC on this matter.<\/p>\n

Follow ForkLog updates on Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Commissioner Caroline Crenshaw of the SEC spoke out against calls to create a ‘Safe Harbour’ that would shield ICO projects from regulator accountability.<\/p>\n","protected":false},"author":1,"featured_media":51111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[319,36,128],"class_list":["post-51110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ico","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51110"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51110\/revisions"}],"predecessor-version":[{"id":51112,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51110\/revisions\/51112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51111"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}