WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with the Securities and Exchange Commission (SEC) proposing to exempt crypto offerings from the federal securities laws:
“Under Chair Paul Atkins, the Securities and Exchange Commission has become the Crypto Promotion Commission. This is more evident today than ever. That’s because the SEC’s proposed ‘Regulation Crypto Assets’ exempts offerings of crypto assets from the protections of the federal securities laws. For over 90 years, the SEC has sought to ensure that offerings of securities to the public are registered so investors receive the…
