Commissioner Peirce’s Remarks at SEC Speaks; Tornado Cash Developer Case Update
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Commissioner Peirce’s Remarks at SEC Speaks What happened? Last Tuesday, Securities and Exchange Commission (SEC) Commissioner Hester Peirce delivered remarks at SEC Speaks program during which she revisited the notion of the SEC's regulatory "secret garden," detailing the maze of staff guidance related to digital assets that broadly shapes securities laws without undergoing formal rule-making processes. “Nobody can challenge these diktats because they are not final agency action, but compliance is mandatory for an entity wishing to avoid SEC delays, denials, and enforcement and examination scrutiny. So everybody silently complies.”
Commissioner Peirce’s Remarks at SEC Speaks; Tornado Cash Developer Case Update
Commissioner Peirce’s Remarks at SEC Speaks…
Commissioner Peirce’s Remarks at SEC Speaks; Tornado Cash Developer Case Update
Commissioner Peirce’s Remarks at SEC Speaks What happened? Last Tuesday, Securities and Exchange Commission (SEC) Commissioner Hester Peirce delivered remarks at SEC Speaks program during which she revisited the notion of the SEC's regulatory "secret garden," detailing the maze of staff guidance related to digital assets that broadly shapes securities laws without undergoing formal rule-making processes. “Nobody can challenge these diktats because they are not final agency action, but compliance is mandatory for an entity wishing to avoid SEC delays, denials, and enforcement and examination scrutiny. So everybody silently complies.”