No Anti-Crypto Agenda at SEC, Confirms Ex-Staff Lawyer

Ladan Stewart, formerly a lead crypto enforcer at the U.S. Securities and Exchange Commission (SEC), has recently provided clarity on the position of the agency towards cryptocurrencies, stating that there is no anti-crypto agenda.

Stewart, who worked for the SEC’s Division of Enforcement for more than eight years, shared her experiences and understanding of the commission’s approach to policing this rapidly changing industry.

While working with the firm, Stewart headed the specialized crypto trial unit, which dealt with high-profile cases against such big entities as Ripple and Coinbase. She stressed that the SEC is technologically neutral and faces only one challenge, which is the protection of investors. The central point, as claimed by Stewart, revolves around the fact that investors should be provided with proper disclosures on the risks of crypto investments.

SEC’s Crypto Regulations Aimed at Investor Protection

Stewart emphasized that the regulatory actions of the SEC were not directed at stifling innovation but sought to make investment environment safer. Through compliance enforcement and transparency assurance, the SEC aims to shield investors from the inherent risks that dominate the cryptocurrency market.

The former SEC lawyer emphasized that regulatory framework should be clear and comprehensive and support the both growth and safety.

The discussion has often been overwhelmed by the fear that harsh measures might drive innovation out of the U.S. However, Stewart is of the opinion that SEC reveals are meant to stimulate the market and protect the investor. Further, she emphasized the importance of the continuous dialog and cooperation between the regulators and the crypto community that helps in dealing with and sorting out regulation tensions.

Transitioning to Private Sector to Bridge Gaps

Following her tenure with the SEC, Stewart entered private practice, becoming a partner at White & Case LLP. In her new position, she is dedicated to leading crypto companies through the intricacies of U.S. laws. 

Her objective is to assist these companies to strike a middle ground between innovative growth and compliance with legal standards. Stewart’s transfer to the private sector indicates her ongoing faith in the possible advantages of blockchain technology and her determination to help its incorporation into the financial market.

During the talks on the future of crypto regulations, Stewart emphasized the importance to directions of balanced enforcement actions applied to both token issuers and intermediaries, such as exchanges.

This method also guarantees a wider influence on market practices, and many aspects of the industry are dealt with at once. Her insights reveal an evolution in enforcement strategies, moving from focusing solely on issuers to including major trading platforms, which play a pivotal role in the crypto ecosystem.

Read Also: Ethereum Fails to Impress Except for Stakers, Says Krüger

The post No Anti-Crypto Agenda at SEC, Confirms Ex-Staff Lawyer appeared first on CoinGape.