SEC Commissioner Hester Peirce discusses her proposal for a three-year safe harbor period for token sales. We talk about what problems she hopes to solve with this suggestion, the conditions that token issuers would have to meet to qualify for it, such as achieving a decentralized network or functional token within three years, and how she defines those terms. We also cover how the other commissioners have received her proposal and what the next steps are to her proposal potentially being adopted.
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Kelman Law: https://kelman.law
Hester Peirce: https://twitter.com/HesterPeirce
The SEC: https://www.sec.gov/
Full speech and proposal: https://www.sec.gov/news/speech/peirce-remarks-blockress-2020-02-06
Fortune article on the proposal: https://fortune.com/2020/02/06/ico-sec-cryptocurrency-proposal-investing/
Critique that proposal will only enable scammers: https://davidgerard.co.uk/blockchain/2020/02/08/sec-commissioner-hester-peirces-safe-harbor-proposal-for-icos-will-only-enable-scammers/
CoinDesk article on crypto community reaction: https://www.coindesk.com/sec-safe-harbor-proposal-lauded-by-token-fans-defi-builders-at-0x-conference
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