This morning the official SEC Twitter handle @SEC_news tweeted out there latest press releases on how the SEC staff will be holding a Fintech Forum in May.
— SEC_News (@SEC_News) March 15, 2019
As this is a step in the right direction for the digital asset market, we believe the SEC needs to pick it up a gear. It seems as if the SEC is afraid to make any kind of rulings and are waiting to see how the digital asset market plays out before they step in to regulate it. The forum is being organized by the agency’s Strategic Hub for Innovation and Financial Technology (FinHub) and was announced in connection with the launch of FinHub last year. FinHub is committed to active engagement with market participants on new financial technologies. This is the second of such forums to be hosted by the agency.
In our honest opinion, we believe that the USA really needs to step up here. It seems as if the rest of the world is waiting to see what the US does in regards to digital asset regulations. The market has really come to a standstill.
We do know that the SEC staff will be discussing issues involving DLT and digital assets, but we do not know the full agenda. Stay tuned as more details are released.